Comments

Copper – spot has no transaction and futures prices rose

Date 2/13/2018 3:51:07 PM Source: SHMET

Premiums for CIF Shanghai stood at $60-$80while that for shanghai bonded warehouse flatted at $70-$85, a continuing component of previous re-stabilization. LME C-3m valued was $43C. SHFE Spot/LME 3M arb stayed steadily at around 7.57, with a spot import loss of RMB 5/mt, whilst 3M SHFE/LME arb may have a profit of RMB 91/mt, with ratio of 7.52.

The market transaction is basically stagnant, and the copper price rose yesterday, with the increase in positions being obvious. Traders make general inquiries in the copper imports market and the market transaction is relatively stable due to a micro balance of the import window.

 

Edited by SHMET