Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
DashboardDatabaseProReportsEventsCar Insight
Language: 
Why Sellers Dominate in Shanghai Imported Copper Market? SMM Reports
Aug 1, 2017 12:18Source:SMM
Yangshan copper premiums have been climbing steadily as sellers take the upper hand in Shanghai imported copper market, SMM found.
SHANGHAI, Aug. 1 (SMM) –Yangshan copper premiums have been climbing steadily as sellers take the upper hand in Shanghai imported copper market, SMM found.
Operating Rate to Fall Further at China Major Copper Wire & Cable Producers in August, SMM Expects
Contango on the LME remains high around $ 10/tonne. High yields from bank financing products could cover some capital costs for holding goods on hand. Hence, traders are under no pressure to sell, SMM explained.
Besides, overwhelming bullishness over premium outlook also leaves traders unwilling to sell.
Premiums of warrant goods in spot market have exceeded those under term contracts since two weeks ago. If the SHFE/LME copper price ratio turns favorable, Yangshan copper premiums will probably break through $ 80/tonne this week, SMM estimates.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
Yangshan copper premiums
For queries, please contact William Gu at williamgu@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
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
Yangshan Copper Premiums Skyrocketed amid Open Import Window
Hectic trades sent Yangshan copper premiums rising sharply last week.
Aug 23, 2021 15:06
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
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
Sluggish demand lowers prices of seaborne copper
As of Thursday Nov 29, Yangshan premiums were offered at $65-75/mt, down from the peak of $115-125/mt in late Sep
Nov 29, 2018 16:38
SMM Events & Webinars
All- Nov24
2024 SMM Middle East Secondary Metal Field Trip
Nov 24 - Dec 01,2024UAE
- Apr09
NET ZERO MEA - Solar & Energy Storage
Apr 09 - 10,2025MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
- Apr09
2025 SMM (20th) Lead & Zinc Conference and Industry Expo
Apr 09 - 11,2025To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange pNanjing · Jiangsu ·China
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.
