Shanghai copper import arb turns positive after 11-month hiatus

China’s copper import arbitrage window has opened for the first time since last November as a raft of post-holiday buying interest boosted demand for bringing cathodes into the country.

The Metal Bulletin arbitrage calculator indicates that market participants can make $61 per tonne profit on Thursday October 12 by bringing physical copper into China from the Shanghai bonded zone, having been at $24.87 on Wednesday. Chinese demand for refined copper imports has been comparatively sluggish so...

Published

Archie Hunter

October 12, 2017

11:37 GMT

London