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July 27th SMM yangshan copper premium KuaiBao: import copper market remains light on Monday
Jul 27,2020 13:54CST
translation
Source:SMM
July 27th, 2020: today's warehouse receipt quotation is 88-98 US dollars / ton, the average price is the same as last Friday; the bill of lading quotation is 73-85 US dollars / ton, the average price is the same as last Friday, QP August. The LME0-3 litre water is US $15.25 / ton, and the import loss is around 350RMB / ton.
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July 27th, 2020: today's warehouse receipt quotation is 88-98 US dollars / ton, the average price is the same as last Friday; the bill of lading quotation is 73-85 US dollars / ton, the average price is the same as last Friday, QP August. The LME0-3 litre water is US $15.25 / ton, and the import loss is around 350RMB / ton.

The trading performance of the foreign trade market was still lacklustre on Monday morning. The range of import loss is still more than 300 yuan, the demand in the foreign trade market is very light, and there are few enquiries. In terms of quotation, at present, the price of the second brand bill of lading arriving in Hong Kong in early August is about US $88 / ton, and the mainstream fire bill of lading is generally quoted below US $85 / ton, but due to the lack of firm offer, the price remains unchanged for the time being. The offer quantity of the far-monthly bill of lading is limited, and most of the previous quotations are maintained. The buyer will continue to wait and see in the face of the current quotation because there is still room for downside in the expected premium. The warehouse receipt offer also declined slightly, but the transaction was not heard of.

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)

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