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July 8th SMM Yangshan Copper Premium Express: import Copper Market supply and demand double Light Yangshan Copper Premium stalemate
Jul 8,2020 14:08CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

July 8, 2020: today's warehouse receipt is quoted at US $85mur100 / ton, the average price is the same as the previous day; the bill of lading is quoted at US $76mur87 / ton, the average price is the same as the previous day, QP August. The LME0-3 discount is US $3.25 / ton, and the import loss is around 200 yuan / ton.

Today's market turnover continues to remain light. In terms of quotation, at present, the offer of bill of lading in Hong Kong at the end of July is limited, mainly because the shipping date is not near, traders still have expectations for an improvement in the price comparison, so the offer price is on the high side. On the demand side, due to day-to-day losses in price comparison, there are few market inquiries, and the difficulty of matching prices between buyers and sellers leads to a stalemate in the performance of market transactions. I heard that Japanese copper arrived in Hong Kong at the end of the month and traded at US $82 per ton. Warehouse receipt prices are relatively stable, and it is difficult to see a deal under the deadlock in buying and selling power.

At present, the transaction price of fire good copper warehouse receipt is around US $100 / ton, mainstream fire method is US $95 / ton, wet method is 85 yuan / ton, good copper bill of lading is US $87 / ton, mainstream fire bill of lading is US $83 / ton, and wet method is US $76 / ton.

(SMM Zhu Ruoyi)

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