Arbitrage for copper, aluminium and zinc imported into China*
Copper
Three-month: -$101 (-637 yuan)
Cash: -$163 (-1,027 yuan)
Zinc
Three-month: $50 (314 yuan)
Cash: $18 (111 yuan)
Aluminium
Three-month: -$67 (-420 yuan)
Cash: -$72 (-453 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 the comparison.
Three-month: -$101 (-637 yuan)
Cash: -$163 (-1,027 yuan)
Zinc
Three-month: $50 (314 yuan)
Cash: $18 (111 yuan)
Aluminium
Three-month: -$67 (-420 yuan)
Cash: -$72 (-453 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 the comparison.