April 20, 2020: today's warehouse receipt quoted 75-87 US dollars / ton, bill of lading quoted 74-86 US dollars / ton, QP May. LME0-3 discount of US $17 / ton, import loss of around 100 yuan / ton.
Market activity warmed today, mainly due to increased demand driven by better import prices this morning, but transactions remained light. Bills of lading to Hong Kong at the beginning of May are still tight, traders maintain last week's quotation, wait and see the market situation. The enthusiasm for inquiry has increased as the domestic trade market has maintained a high level of water, driving buyers to import copper demand, but there is still fear of heightened sentiment. Traders have recently increased their shipments of LME copper stocks, mainly to China in mid-May, when they are expected to put some pressure on premiums.
The transaction price of fire method good copper warehouse bill is about 87 US dollars / ton, mainstream fire method 82 US dollars / ton, wet method 75 US dollars / ton, good copper bill of lading 86 US dollars / ton, mainstream fire method 80 US dollars / ton, wet method 74 US dollars / ton.
(SMM Zhu Ruoxing)
