May 25th SMM Yangshan Copper Premium Express: supply and demand in the foreign trade market of LME is closed on Monday.

May 25, 2020: today's warehouse receipt is quoted at US $105 / ton, with an average price drop of US $3 / ton; the bill of lading is quoted at US $83 per ton, with an average price drop of US $2 / ton, QP June. The LME0-3 discount is US $28.70 / ton.

Today, due to the fact that LME is closed on bank holidays and the lack of price comparison guidelines in the foreign trade market, both buyers and sellers are less active. Most of the consignors do not make quotations and want to wait for the opening of the outer order tomorrow; the buyer's inquiry is cold, showing that he has stopped to wait and see, and there is no deal in the morning market. Last Friday afternoon, the market transaction price fell slightly. Traders increased shipping sentiment, lowered the price again, and the offer focused on the bill of lading at the end of June and early July, but the willingness of the market to accept the goods was very low, and the transaction of the mainstream fire bill of lading has fallen to around 92 US dollars / ton. There is almost no offer for the warehouse receipt.

At present, the transaction price of fire good copper warehouse receipt is around 105 US dollars / ton, mainstream fire method 100 US dollars / ton, wet method 95 US dollars / ton; good copper bill of lading 100 US dollars / ton, mainstream fire 92 US dollars / ton, wet method 83 US dollars / ton.

(SMM Zhu Ruoyi)