JJUB - Chinese Aluminum Semi-Finished Product Exports Continue To Fall

Original post

By Stuart Burns

As we predicted last week, the LME to SHFE arbitrage window has closed.

Investors were unlikely to leave that open for long and the resulting inflow of half a million tons of aluminum in May no doubt contributed to a narrowing of the delta.

What was driving it, though, was apparently stronger demand in China than the rest of the world. However, an easing of lockdowns everywhere has raised the expectation that aluminum demand will pick up in the rest of the world.

That sentiment is no doubt contributing

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