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April 30 SMM Yangshan Copper Premium Express: there are few transactions in the foreign trade market before the trading enthusiasm festival.
Apr 30,2020 14:35CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

April 30, 2020: today's warehouse receipt quoted 85-95 US dollars / ton, bill of lading quoted 80-90 US dollars / ton, QP June. The LME0-3 discount is US $28 / ton, and the import profit and loss is basically balanced.

On the last day before the festival, the foreign trade market performed deserted, and there were few market quotations and inquiries. Traders rarely offer, and say they have optimistic expectations for demand in the post-festival market, so they choose to hold the goods on the sidelines. The buyer's demand remains light and wants to wait and see what happens in the future. According to SMM research, the increase in the amount of copper imported in the week after May Day is limited, and the Yangshan copper premium will remain high in the short term.

The transaction price of fire good copper warehouse bill is about 95 US dollars / ton, mainstream fire method 90 US dollars / ton, wet method 85 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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