By Violet Li / May 25, 2018 / www.metalbulletin.com /
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Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday May 25*
Copper
-$94.62 (-605.72 yuan)
Aluminium
-$503.04 (-3,220.24 yuan)
Zinc
$10.94 (70.10 yuan)
Nickel
-$474.02 (-3,034.47 yuan)
*Metal Bulletin calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices at 3pm Shanghai time, taking account of VAT and import duties (where applicable), physical premiums and exchange rates at the time of the comparison. On January 2, 2018, Metal Bulletin improved its calculation to more accurately reflect arbitrage windows for physical trading. In addition, Metal Bulletin has adopted China's latest announced VAT of 16% to its arbitrage calculation, effective May 2, 2018. For more details on the formula, please read this
pricing notice.
For details of physical premiums in Shanghai, and other Asian locations, please see the Metal Bulletin
price book.