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Home / Metal News / [Cu Price] Premiums on China Imported Copper Climb on Brisk Trades

[Cu Price] Premiums on China Imported Copper Climb on Brisk Trades

iconJul 28, 2015 10:16
Source:SMM
The Yangshan copper premiums, published by SMM, climbed $11 per tonne last week to $65-80 in the week of July 20-24, with trading livened up, matching SMM forecast.

SHANGHAI, Jul. 28 (SMM) – The Yangshan copper premiums, published by SMM, climbed $11 per tonne last week to $65-80 in the week of July 20-24, with trading livened up, matching SMM forecast.

On July 24, the SHFE 1508 copper/LME copper price ratio was 7.37, up slightly from the 7.33 a week earlier.

“The higher price ratio allowed more profitable opportunities for importing copper, while cargo holders in China’s local market refrained from selling, giving a lift to imported copper demand,” SMM copper analyst said.

SMM research team predicts that the increase in premiums will slow this week as anemic demand and restrictions in L/C issuance will cool trading enthusiasm. 


Copper Premium and Discount 7 Day Chart

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

 


Cu price
Yangshan Copper Premium
China copper premiums

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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