Many Spot Offers but Sluggish Trading; Some Suppliers Chose Imports [SMM Yangshan Spot Copper]

        March 11, 2026: The average warrant price rose by $1/mt from the previous trading day; the average B/L price was flat from the previous trading day, and the average EQ copper (CIF B/L) price was also flat from the previous trading day, with quotations referring to cargoes arriving from mid-to-late March to early April.

    The market was slightly sluggish during the day, with still many offers but limited transactions. It was heard that small volumes of ER copper B/L arriving in late March were closed at $55-60/mt, quotation period (QP) April; EQ B/L arriving in late March and early April were offered at $25-30/mt, while EQ B/L arriving in mid-to-late April were quoted at $35/mt, quotation period (QP) May. ER copper and two-brand B/L for delivery within this week were offered at $60-65/mt, quotation period (QP) April.