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July 17 SMM Foreign Copper Premium Express: the colder the mood between buyers and sellers near the weekend, the performance of the stalemate.
Jul 17,2020 14:04CST
translation
Source:SMM
July 17,2020: today's warehouse receipt quotation is US $93mur105 / ton, the average price is the same as the previous day; the bill of lading is quoted at US $82mur93 / ton, the average price is reduced by US $0.50 / ton compared with the previous day, QP August. LME0-3 has a premium of US $1.25 per ton and an import loss of around RMB150 per tonne.
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July 17,2020: today's warehouse receipt quotation is US $93mur105 / ton, the average price is the same as the previous day; the bill of lading is quoted at US $82mur93 / ton, the average price is reduced by US $0.50 / ton compared with the previous day, QP August. LME0-3 has a premium of US $1.25 per ton and an import loss of around RMB150 per tonne.

Today, the range of import losses has expanded again, and the turnover is still light. Recently, the import price comparison is difficult to open the opportunity and the absolute price of copper is high, the buying power is weak. Some sellers are more willing to ship goods and want to lower the price in order to close the deal, which brings some pressure to the premium downward. Today, the price of some second-brand bills of lading in the market has been lowered to less than 100 US dollars / ton, but there is still a stalemate in the transaction, and the buyer still lowers the price, and the price is slightly reduced by 1 US dollar. No offer has been heard from the warehouse receipt in the morning, 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 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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