Market Spot Copper Supply Scarce, Intraday Offers Sluggish [SMM Yangshan Spot Copper]

Published: Jul 6, 2026 11:42

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On July 6, the average warrant price remained flat from the previous trading day at $74/mt (range $70-78/mt); the average B/L price was also unchanged at $74/mt (range $68-80/mt); the average price for EQ copper (CIF B/L) held steady at $45/mt (range $40-50/mt), with quotations referencing arrivals from July to mid-August.

Cargoes arriving in July-August were scarce in the market. Downstream inquiries were relatively active today, but offers were limited. Suppliers held back from selling and held prices firm, leading to a divergence between buyers’ and sellers’ psychological price levels. It was heard that today, EQ B/Ls arriving from late July to early August traded at $45/mt.

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