Home / Metal News / Copper / July 31st SMM yangshan copper premium KuaiBao: few transactions have been made between supply and demand in the foreign trade market
July 31st SMM yangshan copper premium KuaiBao: few transactions have been made between supply and demand in the foreign trade market
Jul 31,2020 13:36CST
translation
Source:SMM
July 31, 2020: today's warehouse receipt quotation is 77-90 US dollars / ton, the average price is 3 US dollars / ton lower than the previous day; the bill of lading quotation is 66-80 US dollars / ton, the average price is 2 US dollars / ton lower than the previous day, QP August. The LME0-3 litre of water is US $11.25 / ton, and the import loss is around 350 yuan / ton.
The content below was translated by Tencent automatically for reference.

July 31, 2020: today's warehouse receipt quotation is 77-90 US dollars / ton, the average price is 3 US dollars / ton lower than the previous day; the bill of lading quotation is 66-80 US dollars / ton, the average price is 2 US dollars / ton lower than the previous day, QP August. The LME0-3 litre of water is US $11.25 / ton, and the import loss is around 350 yuan / ton.

Today, the activity of the foreign trade market is still not high, and the overall performance of the transaction is light. Due to the direct impact of the closing of price comparison, the demand of buyers has hardly improved, and some traders have quoted low prices for the supply of goods that are about to arrive in Hong Kong, but "there is no market". At present, the LME back structure is $11.25 / ton, and the price difference between 8 and 9QP is $7. The pressure on the holder to change the month increases, so the warehouse receipt price continues to be reduced, but no one is interested. Yangshan copper premium continues to be under pressure in the deserted market.

At present, the transaction price of good copper warehouse receipt is around 90 US dollars / ton, 85 US dollars / ton for mainstream fire method, 77 yuan / ton for wet method, 80 US dollars / ton for good copper bill of lading, 73 US dollars / ton for mainstream fire method and 66 US dollars / ton for wet method.

(SMM Zhu Ruoyi)

Quote

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn