Buyers and sellers hold a wait-and-see sentiment, and the market maintains a sluggish pattern [SMM Yangshan spot copper]

Published: Jul 27, 2026 11:54

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On July 27, the average warrant price remained flat from the previous trading day, quoted at $113/mt (price range $108-118/mt); the average B/L price remained flat from the previous trading day, quoted at $108/mt (price range $105-111/mt); the average price for EQ copper (CIF B/L) remained flat from the previous trading day, quoted at $76/mt (price range $72-80/mt), with quotations referenced to cargoes arriving from mid-to-late July to late August.

The spot market remained sluggish today, with suppliers holding a wait-and-see attitude and holding back from selling, and downstream buyers also showing fear of high prices, resulting in sluggish actual transactions. Today, it was heard that registered B/Ls arriving in late August were quoted at $120-128/mt, and mainstream quotations for EQ copper arriving from August to September were at $80-90/mt.

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