China importing more lead in Feb, Mar on arbitrage

Shanghai 03 March 2009 06:12

China's lead imports probably rose sharply in February and are still rising in March, mostly due to arbitrage between LME and Shanghai markets, sources told MB. China imported 4,457 tonnes of refined lead in January, up 34% year-on-year and 209% higher month-on-month, according to customs. "Shanghai spot lead prices are much higher than that of LME, which has attracted...


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