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Aluminum’s Chinese Illusion

Posted on 21 November 2016

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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VRS - who has written 48800 posts on Opalesque Commodities Briefing.


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