AMTSHReport 20082013 PPT课件.pptx

Weekly Copper ReviewVersion
AMT Shanghai Team
Please refer to the “Important Notice” below, in connection with any views which may be expressed in munication.
Trading & market data
modity & USD overview Start from 2012
Data source: Thomson Reuters EIKON
LME weekly stock changes - Europe
Data source: Thomson Reuters EIKON
LME weekly stock changes - Asia
Data source: Thomson Reuters EIKON
LME weekly stock changes – North America
Data source: Thomson Reuters EIKON
LME weekly stock changes – Worldwide
Data source: Thomson Reuters EIKON
SHFE Stock overview
Data source: Thomson Reuters EIKON
LME Copper Cash – 3 Month spread
Data source: Thomson Reuters EIKON
Buy LME Cash and Sell SHFE 3M
Spot profit is calculated as (LME Cash + SH. Premium) *CNY3MNDF*(1+VAT)*(1+Impor duty)+Other Fees – SHFE 3M
VAT is 17%
Import duty is 0% for now
SHFE 3M is last trade price
Convert to arb ratio
Data source: Thomson Reuters EIKON
Chinese copper import ratio