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MT: Copper arbitrage re-opens in China on stronger yuan
 
Copper arbitrage has re-opened in China as expectations that a stronger yuan would boost Chinese commodities helped domestic prices outstrip LME gains. "The [policy shift] on the yuan helped to erase the negative price differential between Shanghai and LME copper," said a trader at an overseas trading house in Shanghai. Imports cost 53,780 yuan ($7,885) per tonne, he said,...

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