Comments

Aluminum - SHMET Import Market Briefing 20170913

Date Sep 13 2017 18:18:19Source:SHMET

Traders reported that spot premiums CIF shanghai remained at level $95-$115 as usual, so did the physical warrants. LME C-3m valued edged to $33C. SHFE Spot/LME 3M arb flattened out at 7.78, suggesting importing may lose around RMB609/mt in spot market and RMB700/mt in forward market.

The market hyped a policy of restricting production of electrolytic aluminum in heating season of Henan province and the initial falling in inventory. There is a continued downturn in the transaction of the import market, with no obvious increase in the trading volumes. 

Report by SHMET

Copper - SHMET Import Market Briefing 20170913

Date Sep 13 2017 18:18:04Source:SHMET

Premiums for CIF Shanghai stood at $50-$65 while that for shanghai bonded warehouse flatted at $60-$70, a continuing component of previous re-stabilization. LME C-3m valued was $40.75C. SHFE Spot/LME 3M arb stayed steadily at around 7.75, with an import loss of RMB461/mt, whilst 3M SHFE/LME arb may lose RMB742/mt, with ratio 7.69.

LME inventory increased greatly by 10,300 tons, with the market may having subsequent delivery to the warehouse. The price is falling under pressure and the range in premium quotation is expanding, with B/L quoting at around US$50 occasionally and the warehouse receipt maintaining at US$60.

Report by SHMET

Nickel - SHMET Import Market Briefing 20170912

Date Sep 12 2017 15:27:40Source:SHMET

With regards to NI FP, offers in Shanghai bonded zone keep standing at the range of $230-$250 ,and so does CIF delivery. The SHFE Spot/LME 3M arb for Russian NI was stable, at 7.86 this afternoon and that for 3M SHFE/LME at 7.87, equated to a loss of RMB2214/mt in spot and a profit of RMB923/mt 3M forward.

The high price of Russian Ni Spot has inhibited the demand of the downstream stainless Domestic environmental protection and steel mill production inspection have brought about the positive results for SHFE Ni, with bullish patterns expected to trend significantly higher, where better supply would be actively stimulated. The quotation remains the same as yesterday.

Report by SHMET

Aluminum - SHMET Import Market Briefing 20170912

Date Sep 12 2017 15:26:01Source:SHMET

Traders reported that spot premiums CIF shanghai remained at level $95-$115 as usual, so did the physical warrants. LME C-3m valued edged to $30.75C. SHFE Spot/LME 3M arb flattened out at 7.76, suggesting importing may lose around RMB700/mt in spot market and RMB647/mt in forward market.

Aluminum oxide price continue to rise sharply. Raw materials shortage is expected to constantly support the aluminum price, with the inventory pressure constantly being the market focus at a late stage. There is a continued downturn in the market transaction, with no obvious increase in the trading volumes.

Report by SHMET
Page7of1909