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April 1 SMM Yangshan copper premium express: scarce supply Yangshan copper premium offer is strong
Apr 1,2020 14:09CST
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Source:SMM
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April 1, 2020: today's warehouse receipt quotation of US $60-74 / ton, bill of lading quotation of US $56-70 / ton, QP May. LME0-3 discount of US $12.25 / ton, import loss of 250 yuan / ton near.

Today, the warehouse receipt market is very active, the market inquiry is positive. Boosted by the market demand for goods, today's warehouse receipt quotation has been raised again, two-brand warehouse receipt quotation as high as $78 / ton, a small number of $75 / ton transaction price, fire copper transaction price also rose from $68 / ton to more than $70 / ton. Although the market inquiry is active, but because the price rises too fast, the actual transaction is relatively deadlocked, it is understood that the rising price of warehouse receipts is mainly due to the concentrated high price of a large customer in the market, for other buyers in the market, the current high price acceptance is not high. The price of incoming bills of lading remained strong in April, and prices rose slightly with warehouse receipts as market sentiment improved.

At present, the transaction price of good copper warehouse receipt is about 74 US dollars / ton, mainstream fire method 70 US dollars / ton, wet method 60 US dollars / ton, good copper bill of lading 70 US dollars / ton, mainstream fire 66 US dollars / ton, wet method 56 US dollars / ton.

(SMM Wei Xue)

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