Copper imports were dominated by the long-term contracts, and the current bonded trade of copper was quiet.

Premiums for goods under bill of lading in Shanghai held at $45-$67/mt cif, and those for goods under warrants in Shanghai bonded warehouse were at $50-$67/mt. The SHFE/LME cash copper price ratio registered at 7.76, and SHFE/LME 3M arb was at 7.63. LME cash copper was at backwardation of $12/mt against LME 3M copper. Spot import losses were at around 706 yuan/mt, compared with import losses of 224 yuan/mt in forward market 有色金属展-铜材展-2019年广州国际有色金属工业（铜业）展览会 -2019 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition -Non-Ferrous Metal exhibition, 2019 Non-Ferrous Metal exhibition, Non-Ferrous Metal expo, 2019 Non-Ferrous Metal expo, Copper exhibition, Copper expo, 2019 Copper exhibition, 2019 Copper expo, China Copper exhibition, China Copper expo  .