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
Fed's Waller: Ready to Cut Rates if Labor Market Weakens, Cautious on Inflation Risks
Mar 21, 2026 16:40
Fed's Waller: Ready to Cut Rates if Labor Market Weakens, Cautious on Inflation Risks
Read More
Fed's Waller: Ready to Cut Rates if Labor Market Weakens, Cautious on Inflation Risks
Fed's Waller: Ready to Cut Rates if Labor Market Weakens, Cautious on Inflation Risks
US Fed Governor Christopher Waller said on Friday that if signs of weakness emerged in the labor market, he would again support an interest rate cut later this year, while remaining alert to the inflationary pressures that the current geopolitical situation may bring.Waller noted that a closure of the Strait of Hormuz signaled greater inflationary pressure, and that higher oil prices could ultimately affect core inflation. He stressed that the current cautious stance did not mean there would be no action for the rest of the year.His remarks sent an important signal to the market—that the window for an interest rate cut had not closed, provided that employment data showed clear weakening.
Mar 21, 2026 16:40
IRGC: US Carrier Ford's Deployment and Withdrawal Reflects "Desperate and Humiliating" Reality for US, Israel
Mar 21, 2026 16:39
IRGC: US Carrier Ford's Deployment and Withdrawal Reflects "Desperate and Humiliating" Reality for US, Israel
Read More
IRGC: US Carrier Ford's Deployment and Withdrawal Reflects "Desperate and Humiliating" Reality for US, Israel
IRGC: US Carrier Ford's Deployment and Withdrawal Reflects "Desperate and Humiliating" Reality for US, Israel
According to Xinhua News Agency, the Islamic Republic News Agency reported on the 20th that the Islamic Revolutionary Guard Corps issued a statement saying that, despite extensive attention from Western media, the US Navy aircraft carrier Ford was deployed to the West Asia region but failed to provide support for US forces there and instead withdrew from the battlefield, reflecting the “desperate and humiliating” reality facing the US and Israel.
Mar 21, 2026 16:39
US Treasury Secretary Bessent: SPR Release Complexity and Limits Amid Oil Price Stabilization Efforts
Mar 21, 2026 16:38
US Treasury Secretary Bessent: SPR Release Complexity and Limits Amid Oil Price Stabilization Efforts
Read More
US Treasury Secretary Bessent: SPR Release Complexity and Limits Amid Oil Price Stabilization Efforts
US Treasury Secretary Bessent: SPR Release Complexity and Limits Amid Oil Price Stabilization Efforts
US Treasury Secretary Bessent claimed that the Strategic Petroleum Reserve (SPR) could be tapped again to suppress oil prices, but the reality was far more complex than this statement suggested—the reserve level was already close to the statutory minimum, and physical safety constraints left extremely limited room for any further release.Last week, Bessent said that the US had participated in the largest internationally coordinated SPR release operation to date, totaling 400 million barrels, and warned that, if necessary, the US could once again unilaterally release reserves to stabilize oil prices.
Mar 21, 2026 16:38
July 13th SMM Yangshan Copper Premium Express: price comparison opens and traders sharply raise their quotations in anticipation of heating up. - Shanghai Metals Market (SMM)