Spot Trade Sluggish During LME Asia Metal Week, Import Window Remains Open with Few Offers Hanging High [SMM Yangshan Spot Copper]

Published: May 6, 2026 14:22

Save

May 6, 2026: The average warrant price rose by $5/mt from the previous trading day, closing at $69/mt (price range $62-76/mt); the average B/L price rose by $5/mt from the previous trading day, closing at $66/mt (price range $61-73/mt); the average EQ copper (CIF B/L) price rose by $5/mt from the previous trading day, closing at $36/mt (price range $30-42/mt), with quotes referencing cargoes arriving in early to mid-May.

The SHFE/LME price ratio remained open after the holiday. As a major industry conference was held in Hong Kong this week, spot trader activity in the market was limited. Most traders in the market chose to import on their own, with a small number of offers rising notably. It was heard that a small volume of ER copper B/L arriving in early May was offered at $75/mt, QP May; EQ B/L arriving in early May was offered at $48/mt, and EQ B/L arriving in mid-May was offered at $50/mt, QP May-June. ER copper warrants for delivery within this week were offered at $80/mt, with no deals heard so far, QP June.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

Data: SHFE, DCE market movement (May 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 May , 2026

Common.Time.minsAgo

[SMM Copper Flash] Share of East Route Dar es Salaam Port in DRC Copper Cathode Global Shipments Continues to Rise

DRC copper cathode is primarily traded under the FCA trade mode, with export ports including Durban, Dar es Salaam, Walvis Bay, and Beira Port. The share of the east route Dar es Salaam Port has continued to rise, making it a core channel for going global.

Common.Time.minsAgo

[SMM Copper Flash] Sulfur Inventories Diverge Among DRC Copper Enterprises, Some Inventories Are Critically Low

According to SMM's on-site survey, sulfur inventories among local copper smelters in the DRC showed significant divergence, with inventory levels ranging from half a month to 3 months, and some approaching the warning threshold.

Common.Time.minsAgo