Home / Metal News / Copper / July 9 SMM Yangshan Copper Premium Express: demand pick-up limited import copper transactions as a whole light
July 9 SMM Yangshan Copper Premium Express: demand pick-up limited import copper transactions as a whole light
Jul 9,2020 13:33CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

July 9, 2020: today's warehouse receipt is quoted at US $85 per ton, the average price is unchanged from the previous day; the bill of lading is quoted at US $77 per ton, with an average price increase of US $1 / ton over the previous day, QP August. The LME0-3 discount is $1.75 / ton, and the import loss is around 150 yuan / ton.

Thanks to the rapid appreciation of the renminbi in recent days, import losses have narrowed. In the case of a multi-day transaction stalemate, the buyer's cautious wait-and-see mood eased, while most of the holders maintained their previous quotations. At the end of July, the price of the second license bill of lading for arrival at Hong Kong was around US $90 / ton, and the mainstream fire method was about US $85 / tonne. the wet offer is $80 / ton. The price difference between buyers and sellers has narrowed, the market transaction has improved slightly, and the average transaction price has risen slightly. The warehouse unilaterally extended the cold market of a few days ago, with a limited number of offers and unheard of transactions.

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 $88 / ton, mainstream fire bill of lading is US $83 / ton, and wet method is US $77 / ton.

(SMM Zhu Ruoyi)

Quote

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn