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April 3 SMM Yangshan Copper Premium Express: Yangshan Copper Premium continues to rise
Apr 3,2020 13:30CST
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Source:SMM
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April 3, 2020: today's warehouse receipt quotation of US $63-77 / ton, bill of lading quotation of US $60-74 / ton, QP May. LME0-3 discount of US $17.50 / ton, import loss of 250 yuan / ton near.

Transactions in the foreign trade market continued to remain active today. On the one hand, the market is expected to cut taxes, there are large households high prices to buy warehouse receipts hoarding goods, leading to this week's rapid rise in warehouse receipt prices, and even cherish the mood of selling. 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 of the foreign trade market is high, and the quotation is still rising, but there is some fear of heights in early trading. Bonded inventories fell 5200 tons this week, mainly due to reduced inflows to Hong Kong, and the rapid decline in domestic inventories also contributed to the premium.

At present, the transaction price of good copper warehouse receipt is about 77 US dollars / ton, mainstream fire method 74 US dollars / ton, wet method 63 US dollars / ton, good copper bill of lading 74 US dollars / ton, mainstream fire 70 US dollars / ton, wet method 60 US dollars / ton.

(SMM Wei Xue)

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