May 22nd SMM Yangshan Copper Premium Express: light Import Copper transactions Yangshan Copper Premium continues to decline

May 22, 2020: today's warehouse receipt is quoted at US $98mur108 / ton, and the bill of lading is quoted at US $85,5102 / ton, QP June. The LME0-3 discount is US $26.75 per ton. The import loss is around 250 yuan / ton.

Today, market turnover remains light and activity is limited by market demand. There are more offers than purchases, and some traders have lowered their quotations again in order to close the deal. at present, the second-brand bill of lading is generally offered at US $105 / ton, but no one is interested. Most traders remain in a wait-and-see state, waiting for the price to change; buyers' inquiries are cold, and they are not willing to accept goods in the downward market at a premium. Transaction prices fell in light trading.

At present, the transaction price of good copper warehouse receipt is around $108 / ton, mainstream fire method is $103 / ton, wet method is $98 / ton, good copper bill of lading is $102 / ton, mainstream fire bill of lading is $92 / ton, and wet method is $85 / ton.

(SMM Zhu Ruoyi)