ASD Plans to Invest 15,000 Thousand Yuan for Aluminum Ingot Hedging

(China Aluminum Network) ASD reported on Friday that the company planned to invest 15,000 thousand yuan to conduct aluminum ingot hedging business during April 1st to December 31st, in order to lower the risk of aluminum ingot purchasing. The company said that they used 20 thousand tons of aluminum per year which cost more than 0.4 billion yuan at present. The futures trading volume of hedging will not allowed to surpass 50% of the actual aluminium ingot usage volume.

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