SMM Yangshan Copper Premium Express on May 11th: trading in the foreign trade market is light on Monday

May 11, 2020: today's warehouse receipt quoted $100-110 / ton, bill of lading quoted $90-105 / ton, QP June. The LME0-3 discount is US $30.75 / ton. The profit of import is about 100 yuan / ton.

Turnover in the foreign trade market is light today. At present, most of the market offers are for arrival bills of lading in mid-and early June, and the goods in May are basically out. Traders have a strong willingness to raise their prices, and their quotations are higher than those of the previous trading day. The second brand bill of lading is generally quoted at US $110 / ton or more. On the buyer's side, although the price comparison continues to open today, the buyer's inquiry is positive, but due to the rapid decline of the domestic trade discount, the buyer is afraid of high and wait-and-see. Warehouse receipts are still scarce, traders rarely quote, and transactions are rare. On the whole, the trading performance of today's foreign trade market is deadlocked.

The transaction price of fire good copper warehouse receipt is about 110 US dollars / ton, mainstream fire method 105 US dollars / ton, wet method 100 US dollars / ton, good copper bill of lading 105 US dollars / ton, mainstream fire method 100 US dollars / ton, wet method 90 US dollars / ton.

(SMM Zhu Ruoxing)