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SMM Yangshan Copper Premium Express on July 1st: foreign trade transactions continue to remain light
Jul 1,2020 14:02CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

July 1st, 2020: today's warehouse receipt quotation is US $94mur110 / ton, the average price is US $1 / ton higher than the previous day; the bill of lading is quoted at US $80mur92 / ton, the average price is down US $1.50 / ton compared with the previous day, QP August. The LME0-3 discount is $10.50 / ton, and the import loss is around 200 yuan / ton.

The outer plate led the rise this morning, the import price fell again and the loss expanded, the inquiry in the foreign trade market was deserted, and the transaction situation was hardly improved. At present, the offer price of the second brand bill of lading for arrival in Hong Kong in late July is around US $95 / ton, and there is still room for price reduction. Some traders expect to have the opportunity to compare the price, and choose to hold the goods and wait for the price to be quoted. Warehouse receipt prices are still strong, mainly due to the limited supply of goods, there are a small number of high-price transactions.

At present, the transaction price of fire good copper warehouse receipt is around 110 US dollars / ton, mainstream fire method 105 US dollars / ton, wet method 94 US dollars / ton, good copper bill of lading 92 US dollars / ton, mainstream fire 88 US dollars / ton, wet method 80 US dollars / ton.

(SMM Zhu Ruoyi)

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