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May 14 SMM Yangshan Copper Premium Express: foreign trade market remains active Yangshan copper premium remains high
May 14,2020 13:58CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

May 14, 2020: today's warehouse receipt quotation of US $105-115 / ton, bill of lading quotation of US $95-110 / ton, QP June. The LME0-3 discount is US $33.1 / ton. The profit of import is about 200 yuan / ton.

Price comparisons continued to open today and the foreign trade market remained active. In terms of reporting goods, at present, there is a shortage of bills of lading to Hong Kong in recent months, traders have a strong willingness to offer prices, and many choose to import by themselves. Most traders are still optimistic about the late market, optimistic about the price comparison in July, so the mid-to late June bill of lading quotation is also high, two-card quoted at more than $110 / ton. On the demand side, the market inquiry is positive, focusing on the arrival of bills of lading at the end of May and early June, and goods are still received under high quotations. The price of warehouse receipts remained high and the number of transactions was very small.

The transaction price of fire good copper warehouse bill is about 115 US dollars / ton, mainstream fire method 110 US dollars / ton, wet method 105 US dollars / ton, good copper bill of lading 110 US dollars / ton, mainstream fire 105 US dollars / ton, wet method 95 US dollars / ton.

(SMM Zhu Ruoxing)

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