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May 7 SMM Yangshan Copper Premium Express: foreign trade market to maintain active warehouse receipt transaction average price up 10 US dollars / ton
May 7,2020 14:17CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

May 7, 2020: today's warehouse receipt quotation of US $100-110 / ton, bill of lading quotation of US $88-100 / ton, QP June. LME0-3 discount US $30.5 / ton, import profit in the vicinity of 100 yuan / ton.

The price comparison continued to open today, and the market was active. Warehouse receipt supply is scarce, driven by demand, the seller further raised the price, there has been a two-brand warehouse receipt of US $120 / ton quotation. The transaction price of warehouse receipts has risen rapidly since yesterday afternoon, and the average transaction price today is 10 US dollars / ton higher than that of the previous day. In the aspect of bill of lading, the offer has been reduced, and some traders have chosen to hold the goods on the sidelines, as the price of the bill of lading is still expected to rise. At present, the transaction price of the second-card bill of lading has risen to around $100 per ton. There is a small amount of 7QP bill of lading quotation in the market, not heard of the transaction.

The transaction price of fire good copper warehouse bill is about 110 US dollars / ton, mainstream fire method 105 US dollars / ton, wet method 100 US dollars / ton, good copper bill of lading 100 US dollars / ton, mainstream fire method 95 US dollars / ton, wet method 88 US dollars / ton.

(SMM Zhu Ruoxing)

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