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July 20 SMM Yangshan Copper Premium Express: import loss expands US Dollar Copper turnover is light
Jul 20,2020 13:40CST
translation
Source:SMM
July 20,2020: today's warehouse receipt quotation is $92mur104 / ton, the average price is $1 / ton lower than last Friday; the bill of lading quotation is $80mur92 / ton, the average price is $1.50 / ton lower than last Friday, QP August. LME0-3 rising water is 8 US dollars / ton, and the import loss is around 350 yuan / ton.
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July 20,2020: today's warehouse receipt quotation is $92mur104 / ton, the average price is $1 / ton lower than last Friday; the bill of lading quotation is $80mur92 / ton, the average price is $1.50 / ton lower than last Friday, QP August. LME0-3 rising water is 8 US dollars / ton, and the import loss is around 350 yuan / ton.

On Monday, the import price weakened obviously, the loss widened to more than 300 yuan / ton, and both buyers and sellers performed poorly. The number of enquiries can be seen reduced, traders are not active in quotations, most said to maintain a wait-and-see state, waiting for the price to pick up. Early morning inquiry found that the price of the second brand bill of lading for arrival in Hong Kong at the end of July and early August ranges from US $95 to US $98 per ton, and the price of the wet bill of lading is above US $80 per ton, but there is little counter-offer, and the buyer is cautious and not willing to accept the goods, so the transaction is also very difficult. The quantity of unilateral offer in the warehouse is limited, and the price is relatively strong, but the transaction has not been heard of.

At present, the transaction price of fire good copper warehouse receipt is around US $104 / ton, mainstream fire method is US $98 / ton, wet method is 92 yuan / ton, good copper bill of lading is US $92 / ton, mainstream fire bill of lading is US $88 / ton, and wet method is US $80 / ton.

(SMM Zhu Ruoyi)

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