"The spot price may even climb in the future as there are no trade limits on it," Cai at China International Futures Co said.

Aluminum for May delivery, another metal futures contract traded in Shanghai, increased as much as 420 yuan to close at 20,220 yuan a ton and traded at 20,310 yuan yesterday.

Aluminum for December delivery surged 650 yuan to close at 19,400 yuan a ton yesterday.

Agencies contributed to the story

(China Daily 02/27/2007 page14) 

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