SMM Yangshan Copper Premium Express: import Copper Market supply and demand Yangshan Copper Premium is weak

July 24th, 2020: today's warehouse receipt quotation is 88mur98 US dollars / ton, the average price is the same as the previous day; the bill of lading quotation is 73mur85 US dollars / ton, the average price is the same as the previous day, QP August. LME0-3 has a water price of US $25.50 / ton and an import loss of around RMB400 / tonne.

Today's market turnover is more deserted than yesterday. Near the weekend, the market trading enthusiasm is not high, in the case of substantial losses in the price ratio, there is almost no inquiry, the seller also said that there is no willingness to quote. At present, the number of offers on the bill of lading at the end of July and the beginning of August in the market is limited, and the delivery price of some buying orders is about 10 US dollars lower than that quoted by the sellers. Under the weak pattern of supply and demand, the price remains unchanged for the time being. There is almost no warehouse receipt offer.

At present, the transaction price of good copper warehouse receipt is around 98 US dollars / ton, 94 US dollars / ton by mainstream fire method, 88 yuan / ton by wet method, 85 US dollars / ton by good copper bill of lading, 80 US dollars / ton by mainstream fire method and 73 US dollars / ton by wet method.

(SMM Zhu Ruoyi)