Copper –copper prices do not have deep fall conditions

Date 1/12/2018 4:47:40 PM Source: SHMET

Premiums for CIF Shanghai stood at $60-$70while that for shanghai bonded warehouse flatted at $68-$80, a continuing component of previous re-stabilization. LME C-3m valued was $37.75C. SHFE Spot/LME 3M arb stayed steadily at around 7.65, with an import loss of RMB313/mt, whilst 3M SHFE/LME arb may lose RMB 557/mt, with ratio of 7.65.

with a steady recovery in the global economy, tight supply expectations for copper concentrate, and a contraction in copper scrap imports, the copper price will move steadily upward in 2018. Dragged by weak consumption in slack season in the short term, pullbacks may occur, but do not have condition of deep fall. Traders make general inquiries in the copper imports market and the market transaction is relatively stable due to the fact that there is a downward trend as financing activity weakens premium.



Edited by SHMET