July 10th SMM Yangshan Copper Premium Express: demand for US Dollar Copper weakens and Yangshan Copper Premium stalemate remains unchanged

July 10, 2020: today's warehouse receipt quotation is 85mur100 US dollars / ton, the average price is the same as the previous day; the bill of lading quotation is 77Mu88 US dollars / ton, the average price is the same as the previous day, QP August. LME0-3 rising water is 0.35 US dollars / ton, and the import loss is around 200yuan / ton.

After a brief rebound in market activity yesterday, today's foreign trade market returned to a cold state, demand weakened again, and transactions were limited. In the case of simultaneous rise in internal and external copper prices, the actual demand downstream has also been suppressed, in the face of traders with higher quotations, low willingness to receive goods. At present, at the end of July, the price of the second brand bill of lading in Hong Kong is around US $90 / ton, the mainstream fire method is about US $85 / ton, and the wet offer is US $80 / ton. Warehouse receipt prices remain high, and the mainstream fire offer is still around $100 / ton, with few 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)