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May 28th SMM Foreign Mountain Copper Premium Express: the foreign trade market further weakens the price of the bill of lading arriving in Hong Kong in the near future.
May 28,2020 13:53CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

May 28, 2020: today's warehouse receipt quotation is US $102 / ton, the average price is down US $3 / ton compared with the previous day; the bill of lading is quoted at US $78mur91 / ton, the average price is down US $3 / ton compared with the previous day, QP June. The LME0-3 discount is US $32.75 per ton. The import loss is around 120 yuan / ton.

Today's foreign trade market activity is slightly better than yesterday, but trading enthusiasm is still not high. The import is still losing money, the market demand for the far-month bill of lading is light, and the holder further lowered the quotation. At present, the wet bill of lading arriving in Hong Kong in late June is generally quoted at US $80 / ton, while the mainstream fire bill of lading is quoted at about US $90 / ton. The buyer continues to be pessimistic about the price of the far-month bill of lading, is not willing to accept the goods, and wants to wait for the premium to fall further, so the transaction is deserted. Driven by the improvement in the price comparison in June last night, the transaction of the bill of lading arrived in Hong Kong in early June has improved, and the transaction price is about US $5 / ton higher than that in late June. The warehouse receipt offer is very few, and we have not heard of the transaction.

At present, the transaction price of fire good copper warehouse receipt is around US $102 / ton, mainstream fire method is US $97 / ton, wet method is US $92 / ton, good copper bill of lading is US $91 / ton, mainstream fire method is US $86 / ton, and wet method is US $78 / ton.

(SMM Zhu Ruoyi)

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