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国内外金属价差缩小,伦铜库存继续大幅下降5月,从LME金属价格来看,除金属铝表现略弱以外,其他基本金属都表现较好,特别是锡、镍这两种高价金属。与此同时,国内金属在4月冲高回落后,5月表现弱于伦敦市场,铜、铝、铅的5月均价都小于4月,锌、锡、镍的涨幅也小于伦敦市场。这造成了国内外金属价差的缩小。国内外价差的收窄,尽管有助于缩小贸易套利的金属进口量,但对于国内部分依靠进口矿石冶炼的企业的景气度是有明显影响的,基本金属现货加工费上升也将成为必然。
Metal spread narrows at home and abroad, LME copper stocks continue to fall sharply May, from the LME metal prices, in addition to slightly weaker aluminum, the other base metals performed better, especially tin, nickel two high-priced metals. In the meantime, the domestic metals’ performance in May was weaker than that in London after the green finished lower in April. The average prices of copper, aluminum and lead in May were all lower than those in April, and the gains in zinc, tin and nickel were also smaller than those in London. This has caused a reduction in metal spreads at home and abroad. Narrowing domestic and international price spills, although helping to reduce the import of metal for trade arbitrage, will have a significant impact on the domestic boom of enterprises that rely on imported ore for smelting. The rise in the spot metal processing fee for basic metals will also become inevitable.