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April 24 SMM Yangshan copper premium express: supply shortage and demand does not reduce Yangshan copper premium is raised again
Apr 24,2020 14:49CST
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Source:SMM
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April 24, 2020: today's warehouse receipt quoted US $84-94 / ton, bill of lading quoted US $80-90 / ton, QP May. LME0-3 discount of US $25 / ton, import loss of around 40 yuan / ton.

The import price ratio was maintained today, and the demand in the foreign trade market was improving. Market enquiries focused on warehouse receipts and incoming bills of lading in recent months, but the performance was slightly weaker because the supply of goods was difficult to find. Traders have a strong willingness to offer, offer prices are generally high, two-brand warehouse receipt quotation of more than 95 US dollars / ton, a small number of ordinary fire bill of lading to Hong Kong in recent months to 85 US dollars / ton transaction. In addition, the number of Japanese fire bills of lading arriving in Hong Kong in mid-to-late May has increased significantly, which is expected to put some pressure on Yangshan copper premium.

The transaction price of fire good copper warehouse bill is about 94 US dollars / ton, mainstream fire method 90 US dollars / ton, wet method 84 US dollars / ton, good copper bill of lading 90 US dollars / ton, mainstream fire 85 US dollars / ton, wet 80 US dollars / ton.

(SMM Zhu Ruoxing)

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