Yangshan Copper Premiums Rise as Imports Grow, SMM Says

Published: Jun 16, 2016 14:25

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Yangshan copper premiums rose to $50 per tonne on Jun. 15, according to Shanghai Metals Market data.

SHANGHAI, Jun. 16 (SMM) - Yangshan copper premiums rose to $50 per tonne on Jun. 15, according to Shanghai Metals Market data.

“Narrowing of import losses from higher import ratio pushed up Yangshan copper premiums,” SMM copper analyst said.

On Jun. 14, the SHFE/LME copper price ratio increased to around 7.78, narrowing import losses to 100-200 yuan per tonne.

Copper Price Surges after China Releases Guidance on Nonferrous Metal Development, SMM Reports

“If imported copper inflows into China’s domestic market, declines in copper inventories will stop and rise in stead, and the condition of SHFE copper stronger than LME copper will likely turn round,” SMM added.

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Yangshan Copper Premium COPPER PREMIUMS China copper premiums

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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