May 12 SMM Yangshan copper premium express: import price further strengthened foreign trade market activity

May 12, 2020: today's warehouse receipt quotation of US $105-115 / ton, bill of lading quotation of US $90-105 / ton, QP June. The LME0-3 discount is US $33.25 / ton. The profit of import is about 200 yuan / ton.

The activity of the foreign trade market today is higher than that of yesterday. In the aspect of bill of lading, the quantity of offer by the holder is limited, and the willingness to offer is not reduced, because there are still good expectations for the short-term market, and there is a feeling of covering the goods and cherishing the sale. LME contango structure continues to expand, while the domestic back structure continues to expand to 250 yuan, stronger than the price directly stimulate import demand, so the morning inquiry performance is positive. However, the spot discount in the domestic market has been lowered to the discount, which leads to the suppression of the buyer's mood and the receipt of goods is more cautious. Warehouse receipts are still in short supply, and the average transaction price has risen to $110 / ton.

The transaction price of fire good copper warehouse receipt is around 115 US dollars / ton, mainstream fire method is 110 US dollars / ton, wet method is 105 US dollars / ton, good copper bill of lading is 105 US dollars / ton, mainstream fire bill of lading is 100 US dollars / ton, wet method is 90 US dollars / ton.

(SMM Zhu Ruoxing)