Comments

Cu- Copper foreign trade market remains unchanged, import gains will last

Date 9/14/2018 3:01:00 PM Source: SHMET

Premiums for CIF in Shanghai held at $80-$95/mt, and that for Shanghai bonded warehouse was at $85-$100/mt. SHFE Spot/LME 3M arb was at 8.13, whilst 3M SHFE/3M LME arb came to 8.07. LME C-3m valued was $19.5C, with a spot import gain of around RMB183/mt and a loss in forward market of about RMB303/mt.

 

Foreign trade market remains the same pattern as before. High premium goods are unpopular. Besides, most traders prefer to import as the window keeps opening.

Edited by SHMET