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Home / Metal News / Yangshan copper premiums climb on rising demand

Yangshan copper premiums climb on rising demand

Apr 20, 2018 15:12

Source:SMM

Yangshan copper premiums have continued to climb since the start of 2018, staying at levels higher than the benchmark of $75/mt for the most part.

SHANGHAI, Apr 20 (SMM) – Yangshan copper premiums have continued to climb since the start of 2018, staying at levels higher than the benchmark of $75/mt for the most part.

Offers with warehouse warrants were heard offered above $90/mt, SMM learned.

This is because a tighter copper scrap supply has boosted consumption of imported copper cathode, as the import arbitrage window was open for a longer period, SMM believes.

In addition, sellers were able to keep their offers high against the backdrop of a steep LME contango. Tighter credit situation this year in China also helped as market participants continued to use imported copper for financing.

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Yangshan copper

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Yangshan copper premiums with a quotation period in September stood at $42-67/mt under warrants during August 2-6, and between $35-64/mt under bill of lading (B/L). The SHFE/LME copper price ratio stood at 7.34 as of August 6.

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Aug 11, 2021 10:17

Yangshan Copper Premiums Continued to Rise

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Yangshan copper premiums with a quotation period in August stood at $34-58/mt under warrants during July 26-30, and between $26-45/mt under bill of lading (B/L) with a quotation period in September. The SHFE/LME copper price ratio stood at 7.32 as of July 30.

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Aug 3, 2021 15:04

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Yangshan copper premiums rebounded

Yangshan copper premiums with a quotation period in July stood at $15-32/mt under warrants during June 21-25, and between $10-28/mt under bill of lading (B/L). The SHFE/LME copper price ratio stood at 7.26 as of June 25.

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Jun 30, 2021 10:00

Yangshan copper premiums rebounded

Yangshan copper premiums fell to record low

Yangshan copper premiums with a quotation period in June stood at $29-45/mt under warrants during May 24-28, and between $20-35/mt under bill of lading (B/L). The SHFE/LME copper price ratio stood at 7.16 as of May 28.

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May 31, 2021 15:30

Yangshan copper premiums fell to record low

Yangshan copper premiums continued to fall

Yangshan copper premiums with a quotation period in June stood at $30-45/mt under warrants during May 10-14, and between $20-35/mt under bill of lading. The SHFE/LME copper price ratio stood at 7.26 as of May 14.

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May 19, 2021 15:31

Yangshan copper premiums continued to fall

Yangshan copper premiums continued downward trend amid subdued trades

Yangshan copper premiums with a quotation period in April stood at $63-76/mt under warrants during March 8-12, and between $60-73/mt under bill of lading. The SHFE/LME copper price ratio stood at 7.38 as of March 12.

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Mar 16, 2021 17:29

Yangshan copper premiums continued downward trend amid subdued trades

Yangshan copper premiums continued to fall

Yangshan copper premiums with a quotation period in March stood at $65-82/mt under warrants during March 1-5, and between $60-78/mt under bill of lading. The SHFE/LME copper price ratio stood at 7.39 as of March 5.

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Mar 10, 2021 16:37

Yangshan copper premiums continued to fall

Yangshan copper premiums rose before falling

Yangshan copper premiums with a quotation period in March stood at $68-84/mt under warrants during February 22-26, and between $65-80/mt under bill of lading. The SHFE/LME copper price ratio stood at 7.35 as of February 26.

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SMM Insight Analysis

Yangshan copper premiums rose before falling

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