May 13 SMM Yangshan copper premium express: scarce supply Yangshan copper premium continues to rise

May 13, 2020: today's warehouse receipt is quoted at US $105 / ton, and the bill of lading is quoted at US $93 / ton, QP June. The LME0-3 discount is $29 per ton. The profit of import is about 200 yuan / ton.

The foreign trade market remained active today. The import price ratio continues to open, the buyer's inquiry is active, and the bill of lading to Hong Kong at the end of May is very popular. However, the supply of goods is scarce, and some traders plan to import on their own, so the quantity of offer is limited, and the offer is further raised. At present, the two-card bill of lading arriving in Hong Kong at the end of May generally trades at US $110 / ton, and the offer of wet bill of lading is concentrated at US $95 / ton. The transaction of the bill of lading arriving in Hong Kong in mid-early June was slightly worse, mainly because the buyer expected the premium to be difficult to maintain, so he held a cautious wait-and-see attitude. Warehouse receipts are still scarce and traders basically do not make quotations.

The transaction price of fire copper warehouse receipt is about US $115 / ton, mainstream fire method US $110 / ton, wet method US $105 / ton, good copper bill of lading US $110 / ton, mainstream fire method US $105 / ton, wet method US $93 / ton.

(SMM Zhu Ruoxing)