SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

Arbitrage for copper, aluminium and zinc imported into China*

Three-month: -$116(-713 yuan)
Cash:- $144(-887yuan)

Three-month: $5(29 yuan)
Cash: -$27 (-163 yuan)

Three-month: -$55 (-341 yuan)
Cash: -$65 (-401 yuan)

*The arbitrage numbers are calculated daily by Metal Bulletin using SHFE and LME prices at 3pm Shanghai time, taking account of VAT and import duties (where applicable) and exchange rates at the time of comparison. For details of physical premiums in Shanghai, and other Asian locations, please see Metal Bulletin price book.”

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