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Yangshan Copper Premiums Rise as Imports Grow, SMM Says
Jun 16,2016 14:25CST
smm insight
Source:SMM
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. 

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“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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