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April 21 SMM Yangshan copper premium express: the price continues to stimulate foreign trade demand Yangshan copper premium upward
Apr 21,2020 14:26CST
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Source:SMM
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April 21, 2020: today's warehouse receipt quotation of US $7890 / ton, bill of lading quotation of US $7687 / ton, QP May. LME0-3 discount-$24.25 / ton, import loss in the vicinity of 20 yuan / ton.

Trading in the foreign trade market is more active today. The LME contango structure expands again, the domestic 05-06 contract back structure expands, the import loss further narrows to appear the profit, the buyer inquiry is positive, the demand is concentrated in the warehouse receipt and the recent month bill of lading. Driven by buyer demand, warehouse receipt quotation significantly increased, traders good copper offer of US $90 / ton still have transactions. At the end of May, firm offers for bills of lading arrived in Hong Kong one after another. At present, the market for supply shortage expectations have not been alleviated, Yangshan copper premium is still possible.

The transaction price of fire good copper warehouse bill is about 90 US dollars / ton, mainstream fire method 84 US dollars / ton, wet method 78 US dollars / ton, good copper bill of lading 87 US dollars / ton, mainstream fire method 82 US dollars / ton, wet method 76 US dollars / ton.

(SMM Zhu Ruoxing)

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