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July 15 SMM foreign mountain copper premium express: light copper transactions in foreign trade, wet method, low supply and high price.
Jul 15,2020 13:51CST
translation
Source:SMM
July 15, 2020: today's warehouse receipt quotation is $93mur105 / ton, the average price is $1.50 / ton higher than the previous day; the bill of lading is quoted at $82mur94 / ton, the average price is $1 / ton higher than the previous day, QP August. The LME0-3 discount is US $3 / ton, and the import loss is around 50 yuan / ton.
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July 15, 2020: today's warehouse receipt quotation is $93mur105 / ton, the average price is $1.50 / ton higher than the previous day; the bill of lading is quoted at $82mur94 / ton, the average price is $1 / ton higher than the previous day, QP August. The LME0-3 discount is US $3 / ton, and the import loss is around 50 yuan / ton.

Trading in the imported copper market remains light today. The enthusiasm of traders in reporting goods is still not high. Affected by the epidemic in Chile and the strike, the tight supply of copper in the later period is expected to support the seller's offer at a high level. At the end of the month, the mainstream fire report arriving in Hong Kong is about US $93 / ton, while the wet bill of lading is quoted at US $85 per ton. 90 US dollars / ton. Even if the price ratio improves, but the recent high copper prices still limit the willingness of buyers to accept goods, buyers and sellers show a stalemate seesaw situation. The price of fire warehouse receipt is relatively stable, and the offer is still around 105 US dollars / ton, while the wet warehouse receipt shows that the quantity is small and the price is high, and the quotation has gone up.

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 93 yuan / ton; good copper bill of lading is 94 US dollars / ton, mainstream fire method 90 US dollars / ton, wet method 82 US dollars / ton.

(SMM Zhu Ruoyi)

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