Aluminum – the market entered the holiday mode
Date
2/12/2018 4:41:43 PM
Source:
SHMET
Traders
reported that spot premiums CIF shanghai remained at level $95-$115 as usual,
so did the physical warrants. LME C-3m valued edged to $2.25C. SHFE Spot/LME 3M
arb flattened out at 6.52, suggesting importing may lose around RMB2697/mt in
spot market and RMB2415/mt in forward market.
Spot
trading volumes declined apparently. Market completely entered the holiday mode
and the downstream nearly has no consumption, with stocks begin accumulating. Premium
market sentiment remains depressed, with traders keeping stepping aside for the
tome being.
Edited by SHMET