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

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Quotes of import premiums for warrants stood at $10-$30/mt today. The average price was $20/mt under warrants, which is stable compared with the last trading day.

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Dec 31, 2021 19:00

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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 Dipped amid Subdued Trades

The trades in the copper import market was muted as the import window was closed. And the import premiums weakened.

Dec 28, 2021 10:19

Analysis

Yangshan Copper Premiums Dipped amid Subdued Trades

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Yangshan Copper Premiums Inched Up amid Brisk Trades

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Why Yangshan Copper Premiums Stay High? SMM Reports

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Li-ION BATTERY China

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