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)

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