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April 27 SMM Yangshan Copper Premium Express: copper foreign trade market transaction light market wait-and-see sentiment is strong
Apr 27,2020 14:09CST
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Source:SMM
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April 27, 2020: today's warehouse receipt quoted 84-94 US dollars / ton, bill of lading quoted 80-90 US dollars / ton, QP June. LME0-3 discount US $20.76 / ton, import loss in the vicinity of 40 yuan / ton.

The activity of the foreign trade market today was weaker than that of last week, and the overall transaction performance was light. Recently, traders' offers are mainly concentrated in bills of lading in mid-late May and early June, and there is almost no gap between them and QP5 monthly quotations. Individual traders have further raised their quotations. At present, two-brand bills of lading are generally quoted at US $95 per ton, and wet bills of lading are quoted at more than US $80 per ton. Buyers are afraid to wait and see, and there are few transactions in the market. A small number of warehouse receipts are still quoted in May for more than $100 per tonne, but no transactions have been heard.

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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