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April 23 SMM Yangshan Copper Premium Express: foreign trade market maintains active Yangshan copper premium upward
Apr 23,2020 14:10CST
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Source:SMM
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April 23, 2020: today's warehouse receipt quotation of US $82-92 / ton, bill of lading quotation of US $78-88 / ton, QP May. LME0-3 discount of US $22.25 / ton, import loss in the vicinity of 100 yuan / ton.

Today, the import price window continues to open, the market inquiry is still active. Warehouse receipts and bills of lading were raised today, boosted by market demand for purchases. Due to the good price comparison in recent months, the warehouse receipt and the recent arrival bill of lading are favored by the buyer. Some traders quoted $95 per ton for good copper warehouse receipts and more than $85 per ton for wet warehouse receipts. In recent months, the supply of bills of lading to Hong Kong is tight, and the transaction price remains high. At present, there are differences in the quotation of bills of lading arriving in Hong Kong in the middle and late May, and the transaction performance is relatively light.

The transaction price of fire method good copper warehouse bill is about 92 US dollars / ton, mainstream fire method 85 US dollars / ton, wet method 82 US dollars / ton, good copper bill of lading 88 US dollars / ton, mainstream fire 84 US dollars / ton, wet method 78 US dollars / ton.

(SMM Zhu Ruoxing)

Quotation

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