SMM Yangshan Copper Premium Express on May 15: weak trading in both supply and demand in the foreign trade market on Friday

May 15, 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 $28.25 per ton. The profit from imports is around 150 yuan per ton.

Today's market activity was significantly weaker than yesterday, with light transactions. The holder's offer for the arrival bill of lading at the end of May and early June remained high and the limited supply was quickly digested. For the far month arrival bill of lading, the seller is expected to open the price comparison in July after the change of month, so he is unwilling to lower the quotation; the buyer is expected to have room to press the price, the price of the buying and selling order is difficult to match, and the transaction is in a stalemate. The warehouse receipt offer is basically absent. On the whole, today's foreign trade market quotation and inquiry are relatively few, the market performance high stalemate.

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)