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May 26th SMM Yangshan Copper Premium Express: light demand, limited transaction of imported copper
May 26,2020 13:50CST
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Source:SMM
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May 26, 2020: today's warehouse receipt is quoted at US $105 / ton, which remains unchanged from the previous day; the bill of lading is quoted at US $83mur98 / ton, with an average price of US $1 / ton lower than the previous day, QP June. The LME0-3 discount is US $28.70 / ton. The import loss is around 120 yuan / ton.

Today, the price has improved slightly, and the activity of the foreign trade market has increased compared with yesterday, but the transaction performance is light. At present, the market is not enthusiastic about the supply of goods in late June. Recently, at the end of May and early June, the supply of incoming bills of lading gradually flowed out, and the holders took the initiative to lower their quotations in order to get rid of them. the offer of the second brand bill of lading was around US $100 / ton, which was not much different from the unit price in Yuanyue. The buyer's inquiry volume is limited, as the expected premium is likely to fall further, showing a cautious wait-and-see. Warehouse receipts have not been heard of and offers are rare.

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 98 US dollars / ton, mainstream fire 92 US dollars / ton, wet method 83 US dollars / ton.

(SMM Zhu Ruoyi)

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