China Speculators Swarm to Aluminum as Cuts Spur Supply Bet
Bloomberg News
August 23, 2017, 3:00 PM CDT August 23, 2017, 9:14 PM CDT
· August sees heaviest-ever trading in Chinese aluminum futures
·Speculators are taking cue from government’s reform agenda
With a week to go, it’s already the heaviest month ever for trading aluminum in China.
The metal has typically been one of the quieter contracts on China’s mercurial futures markets, but supply reforms in the top producer and consumer have caught the attention of the nation’s speculators and sent prices to the highest in almost six ...
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