July 13th SMM Yangshan Copper Premium Express: price comparison opens and traders sharply raise their quotations in anticipation of heating up.

Published: Jul 13, 2020 13:53
July 13th, 2020: today's warehouse receipt quotation is 90mur105 US dollars / ton, the average price is 5 US dollars / tonne higher than last Friday; the bill of lading quotation is 80mur94 US dollars / tonne, the average price is 4.50 US dollars / tonne higher than last Friday, QP August. LME0-3 has a premium of US $6.55 / ton and an import loss of around 100RMB / ton.

July 13th, 2020: today's warehouse receipt quotation is 90mur105 US dollars / ton, the average price is 5 US dollars / tonne higher than last Friday; the bill of lading quotation is 80mur94 US dollars / tonne, the average price is 4.50 US dollars / tonne higher than last Friday, QP August. LME0-3 has a premium of US $6.55 / ton and an import loss of around 100RMB / ton.

Market activity warmed up on Monday, mainly because the improvement in import prices last Friday night led to an increase in demand, but the turnover remained light. Traders' expectations of opening the price comparison in August after the change of month are heating up again, raising their quotations one after another to US $5: 10. The price of the ordinary fire bill of lading arriving in Hong Kong in late July is generally around US $95 / ton, while the wet bill of lading has risen to more than US $80. Although the buyer's inquiry is positive, the high superimposed premium quickly suppresses the buyer's mood of receiving goods, so he maintains a cautious wait-and-see state. In the morning, I heard that the transaction price of the mainstream fire bill of lading in Hong Kong at the end of the month was around US $90 / ton. Warehouse receipt prices have also been raised at the same time. At present, the price of good copper warehouse receipt is quoted around 110 US dollars / ton, and the transaction has not been heard.

At present, the transaction price of fire good copper warehouse receipt is around 105 US dollars / ton, mainstream fire method 100 US dollars / ton, wet method 90 yuan / ton; good copper bill of lading is 94 US dollars / ton, mainstream fire method 90 US dollars / ton, wet method 80 US dollars / ton.

(SMM Zhu Ruoyi)

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Feb 6, 2026 23:56
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Read More
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan
Feb 6, 2026 23:56
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Feb 6, 2026 23:54
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Read More
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.
Feb 6, 2026 23:54
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Feb 6, 2026 23:47
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Read More
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."
Feb 6, 2026 23:47