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Home / Metal News / Why Yangshan Copper Premiums Stay High? SMM Reports

Why Yangshan Copper Premiums Stay High? SMM Reports

Jul 31, 2017 11:32

Source:SMM

Yangshan copper premiums stayed at high levels last week, and were quoted at USD 67-77/mt for warrants and USD 62-72/mt for bill of lading, SMM reports.

SHANGHAI, Jul. 31 (SMM) - Yangshan copper premiums stayed at high levels last week, and were quoted at USD 67-77/mt for warrants and USD 62-72/mt for bill of lading, SMM reports.

Spot TCs Stabilize for Imported Copper Concentrate, Two Influencing Factors Eyed, SMM Reports

The SHFE/LME copper price ratio was quoted around 7.9 on July 28.

Imported Copper Scrap Popular on China Crackdown on Fake Invoice, SMM Reports

Imported copper market was lackluster. Cargo holders were in no hurry to sell given large contango on LME copper, leaving supplies tight. This also explains why Yangshan copper premiums stayed high, SMM said. But trading was quiet, SMM added.

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Yangshan copper premiums

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imported copper

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Last week, the US Fed announced that it may begin to shrink the balance sheet at the next meeting in May. The pace will be accelerated to a monthly reduction of $95 billion.

Apr 11, 2022 13:06

SMM Insight

Copper Prices were under Pressure due to the Stronger US Dollar Aroused by the Hawkish Speech of the US Fed

China’s Copper Cathode Imports Soared in Nov as Overseas Shipping Issues Gradually Alleviated

China imported a combined 325,500 mt of copper cathode (unwrought copper cathodes and unwrought other copper cathodes with Cu> 99.9935%) in November 2021, up 22.83% on the month but down 2.42% on the year, according to the General Administration of Customs. Year-to-date imports through November totalled around 3.04 million mt, a decrease of 27.85% on the year.

Dec 28, 2021 11:55

Analysis

China’s Copper Cathode Imports Soared in Nov as Overseas Shipping Issues Gradually Alleviated

Yangshan Copper Premiums Inched Up amid Brisk Trades

Trading sentiment in the copper import market picked up significantly compared to the previous week.

Nov 22, 2021 14:13

Analysis

Yangshan Copper Premiums Inched Up amid Brisk Trades

Copper Prices to Edge up amid Low Inventory

The October CPI in the US due last week increased by 6.2% year-on-year, the biggest increase in 31 years, and up 0.9% month-on-month, the largest gain in four months.

Nov 15, 2021 14:47

Analysis

Copper Prices to Edge up amid Low Inventory

Key Copper Companies Issued Good Earnings Reports for Third Quarter on Higher Copper Prices

Since the beginning of this year, the copper prices have continued to rise, reaching the highest level since May 2006 in May. The high copper prices have made relevant companies profitable.

Nov 4, 2021 17:32

Analysis

Key Copper Companies Issued Good Earnings Reports for Third Quarter on Higher Copper Prices

Yangshan Copper Premiums Continued to Fall amid Quiet Trades

Yangshan copper premiums with a quotation period in September were $88-112/mt under warrants during August 30-September 3, and between $76-100/mt under bill of lading (B/L) with the quotation period in October. The SHFE/LME copper price ratio was 7.37 as of September 3.

Sep 6, 2021 14:45

Analysis

Yangshan Copper Premiums Continued to Fall amid Quiet Trades

Subdued Trades in Copper Import Market amid Wider Import Losses

Trades in the imported copper market were quiet today as import losses expanded to 200 yuan/mt. Backwardation of LME cash to the three-month copper contract stands at $6.5/mt.

Aug 26, 2021 16:22

Analysis

Subdued Trades in Copper Import Market amid Wider Import Losses

Yangshan Copper Premiums Skyrocketed amid Open Import Window

Hectic trades sent Yangshan copper premiums rising sharply last week.

Aug 23, 2021 15:06

Analysis

Yangshan Copper Premiums Skyrocketed amid Open Import Window

Resurgent arbitrage opportunity bolsters Yangshan copper premium to 2019 high

Yangshan copper premiums rose $8/mt to $78-88/mt for warehouse warrants on Sep 19

Sep 20, 2019 11:10

SMM Insight

Resurgent arbitrage opportunity bolsters Yangshan copper premium to 2019 high

Greater demand bolsters China copper import premiums

Yangshan premiums stood at $51-66/mt as of May 30, up about $10/mt from $36-60/mt after the May Day holiday

May 31, 2019 11:18

SMM Insight Analysis

Greater demand bolsters China copper import premiums

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Why Yangshan Copper Premiums Stay High? SMM Reports

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