|  | 07/28/2010 |
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China Secondary Al Alloy Makers Gain from LME Backwardation
Chinese secondary alloyed aluminium makers increase the sales of AD12.1 and DIN226 to warehouses registered to London Metal Exchange when LME's backwardation increases. The warehouses try to secure spot ingot with premium payment to the supplier when the cash price is higher than futures price. With the incentive, Chinese alloy makers try to take chance for higher margin than export to Japan.
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 | China Secondary Al Alloy Makers Gain from LME Backwardation
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