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Aluminum – aluminum transaction depressed

Date 1/12/2018 4:49:31 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 $10.75C. SHFE Spot/LME 3M arb flattened out at 6.80, suggesting importing may lose around RMB2613/mt in spot market and RMB2538/mt in forward market.

U.S. poor economic data disappointed the market and LME overnight aluminum fell $4.Over the weekend, investors are mainly steeping aside, with little market trading. Electrolytic aluminum market sentiment is still depressed, with traders keeping stepping aside.

 

Edited by SHMET