21.11.2016 - Aluminum's Chinese Illusion
Something very strange is happening in China's metal markets. Buyers appear to be behaving the way U.S. shoppers do at this time of year: queuing up and pushing to get their hands on some product before anyone else can get a chance. Chinese buyers are paying the sharpest premium in years for near-term Shanghai aluminum futures. Aluminum has been in a state of backwardation on the Shanghai Futures Exchange for several months..........................................Full Article: Source
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