July 29th SMM yangshan copper premium KuaiBao: foreign trade market demand desolate Yangshan copper premium continues to decline

July 29th, 2020: today's warehouse receipt is quoted at US $86-96 per ton, with an average price of US $1 / ton lower than the previous day; and the bill of lading is quoted at US $70-83 per ton, with an average price reduction of US $1.50 per ton compared with the previous day, QP August. The LME0-3 litre water is 13 US dollars / ton, and the import loss is around 300 yuan / ton.

Today, the performance of the foreign trade market is desolate, the market quotations and enquiries are very few, and we have not heard of the transaction in the morning market. There are few quotations from traders, and they hold a bill of lading to Hong Kong for wait-and-see status. The price of bill of lading in Hong Kong has continued to decline in recent months. at present, the mainstream fire bill of lading is quoted at about US $80 / ton, while the buyer's demand remains light, and the transaction price is expected to be even lower in order to wait for the premium to fall further. Yesterday, some traders shipped the bill of lading to Hong Kong at a low price, which was not a comprehensive market behavior. The quantity of unilateral offer in the warehouse is limited, and the price weakens with it.

At present, the transaction price of good copper warehouse receipt is around 96 US dollars / ton, 92 US dollars / ton for mainstream fire method, 86 yuan / ton for wet method, 83 US dollars / ton for good copper bill of lading, 78 US dollars / ton for mainstream fire method and 70 US dollars / ton for wet method.

(SMM Zhu Ruoyi)