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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 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.

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Why Yangshan Copper Premiums Stay High? SMM Reports

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2nd Li-ion Battery Europe 2024

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