April 22 SMM Yangshan Copper Premium Express: supply shortage limits Foreign Trade Market transaction Yangshan Copper Premium remains High

April 22, 2020: today's warehouse receipt quotation price of US $78-90 / ton, bill of lading quotation of US $76-87 / ton, QP May. LME0-3 discount-US $29.5 / ton, import loss in the vicinity of 50 yuan / ton.

Today's foreign trade market inquiry enthusiasm is not reduced, but the transaction situation is slightly weaker than yesterday, mainly because the supply is tight. Import prices continue to improve, stimulate actual demand, and financing demand is getting stronger, the buyer actively inquire for goods. Warehouse receipt prices remain high, today's market quotation is flat than yesterday, due to the shortage of goods, some traders quoted up, there are a small number of wet warehouse receipts high prices. Some traders are reluctant to sell, and it is expected that there is still room for a premium to go up. At present, the quotation of the far month bill of lading is uneven.

The transaction price of fire good copper warehouse bill is about 90 US dollars / ton, mainstream fire method 84 US dollars / ton, wet method 78 US dollars / ton, good copper bill of lading 87 US dollars / ton, mainstream fire method 82 US dollars / ton, wet method 76 US dollars / ton.

(SMM Zhu Ruoxing)