Spot liquidity was weak while premiums remained firm; morning trading sentiment recovered [SMM Yangshan spot copper]

Published: Jun 16, 2026 15:19

Save

The average warrant price on June 16 remained unchanged from the previous trading day, reported at $59/mt (price range $54-64/mt); the average B/L price remained unchanged, reported at $61/mt (price range $55-67/mt); the average price for EQ copper (CIF B/L) rose $4/mt from the previous trading day, reported at $33/mt (price range $30-36/mt), with quotations referencing cargoes arriving in mid- to late June and early July.

During the day, there were abundant offers for EQ, and transactions also recovered from the previous day. After the SHFE/LME price ratio firmed, although buyer demand remained concentrated on registered B/Ls for late-June arrival, demand for EQ also improved. It was heard that EQ B/Ls for early-July arrival were traded around $30/mt, and a small number of actual EQ B/Ls for late-June arrival changed hands above $35/mt. It was heard that a few registered B/Ls for late-June arrival were offered at $70-75/mt.

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 for 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

1 min ago

Yunnan Energy to Invest in 25 MW Mugua Ping Wind Farm Project, Expected Completion in 10 Months

[Yunnan Energy Investment: Company Plans to Invest in the Mugua Ping Wind Farm Project] Yunnan Energy Investment announced that its controlling shareholder, Yunnan Energy Group, was the bid winner for the Fuyuan County Mugua Ping Wind Farm Project under Yunnan Province's third batch of new energy projects in 2025. In accordance with Yunnan Energy Group's overall strategy and the relevant requirements for the development and construction of Yunnan Province's third batch of new energy projects in 2025, the company will actively proceed with the construction of the Fuyuan County Mugua Ping Wind Farm Project. The project is expected to have a total installed capacity of 25 MW and a total construction period of 10 months.

1 min ago

Common.Time.minsAgo

China's Household Appliance Exports Rise 4.1% in Jan-May 2026, Reaching $42.785B

According to the General Administration of Customs statistics flash, from January to May 2026, China's household appliance exports reached 1.917549 billion units, up 4.1% YoY from 1.842568 billion units in the same period last year; export value was $42.785 billion, up 4.3% YoY from $41.017 billion. In May alone, household appliance exports stood at 419.892 million units; export value was $8.982 billion, up 9.5% YoY.

Common.Time.minsAgo

China's Jan-May 2026 Mechanical & Electrical Product Trade Surges 24.6% YoY, Exports Up 22.4%

Data from the General Administration of Customs show that from January to May 2026, China's total import and export value of mechanical and electrical products reached $1,599.74 billion, up 24.6% YoY. Specifically, the export value of mechanical and electrical products was $1,089.89 billion, up 22.4% YoY. A breakdown shows that the YoY growth rates of export values for integrated circuits, automobiles (including chassis), and automatic data processing equipment and parts all exceeded 30%.

Common.Time.minsAgo