July 14 SMM Yangshan Copper Premium Express: demand weakens Yangshan Copper Premium temporarily High stalemate

July 14, 2020: today's warehouse receipt quotation is 90mur105 US dollars / ton, the average price is the same as the previous day; the bill of lading quotation is 80,000,000 US dollars / ton, the average price is the same as the previous day, QP August. LME0-3 raised water by US $9 / ton, and the import loss was around 120 yuan / ton.

After a brief opening of the price comparison, today's foreign trade market transactions returned to a deserted state. The willingness of shippers to ship has increased, and the number of offers has also increased significantly. Most traders are flat at yesterday's offer level, some of which are lower than before. at present, the mainstream fire quotes arriving in Hong Kong at the end of July are about 95 US dollars / ton, but there is more room for bargaining. However, the price comparison directly affects the import demand, and there is still a large gap between the buyer's psychological expected price and the market quotation, so it is difficult to see the transaction. The transaction of warehouse receipts is limited and the price remains unchanged for the time being.

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)