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April 2 SMM Yangshan Copper Premium Express: foreign trade copper market trading active price fast upward
Apr 2,2020 14:34CST
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Source:SMM
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April 2, 2020: today's warehouse receipt quotation of US $62-76 / ton, bill of lading quotation of US $58-73 / ton, QP May. LME0-3 discount of US $12.25 / ton, import loss of 200 yuan / ton near.

Transactions in the foreign trade market continued to remain active today. On the one hand, due to the expectation of tax cuts, some large households are buying warehouse receipts at high prices, leading to a rapid rise in warehouse receipt prices this week. In addition, at present, due to the delay of shipping, the supply of goods arriving at Hong Kong in mid-April was scarce, the demand for replenishment of long orders increased gradually in April, and the price of bills of lading also rose. At present, the trading enthusiasm in the foreign trade market is high, the quotation is still rising, and subsequent prices are still expected to continue to rise.

At present, the transaction price of good copper warehouse receipt is about 76 US dollars / ton, mainstream fire method 72 US dollars / ton, wet method 62 US dollars / ton, good copper bill of lading 73 US dollars / ton, mainstream fire method 68 US dollars / ton, wet method 58 US dollars / ton.

(SMM Wei Xue)

Quotation

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