Yangshan Copper Premiums Rise, Supply of Tradable B/L Drops Amid Import Ratio Rebound

Publicado: Nov 22, 2024 16:16
This week, Yangshan copper premiums rose slightly. Last week, copper prices plummeted, and the import ratio quickly rebounded. Many traders seized the opportunity to lock in the ratio, arranging for the direct import of B/L arriving in November and even a small portion of those arriving in December. As a result, the supply of tradable B/L in the USD copper market rapidly decreased. Additionally, this week, the import ratio for the 2501 contract turned into a loss again. Suppliers were not in a hurry to sell the goods arriving in December, and combined with the limited tradable B/L in November, suppliers' quotations remained firm. Regarding warehouse warrants, due to the frequent profitability of the import ratio for the 2412 contract this week and its relatively lower import costs, the transaction prices of warehouse warrants also remained firm, with trading volume exceeding that of B/L.

Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.

Para cualquier consulta o para obtener más información, por favor contacte: lemonzhao@smm.cn
Para más información sobre cómo acceder a nuestros informes de investigación, contacte con:service.en@smm.cn
This week, Yangshan copper premiums rose slightly. Last week, copper p - Shanghai Metals Market (SMM)