Demand concentrated on B/Ls for late July, while buying and selling sentiment recovered in the morning session [SMM Yangshan copper spot]

Published: Jun 18, 2026 16:41

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On June 18, the average warrant price rose $2/mt from the previous trading day to $59/mt (price range: $54-68/mt); the average B/L price rose $1/mt to $62/mt (price range: $55-69/mt); the average price for EQ copper (CIF B/L) fell $1/mt to $32/mt (price range: $28-36/mt), with quotes referencing arrivals in mid to late June and early July.

During the day, EQ offers remained abundant, but buyer demand concentrated on B/L for late July arrivals, causing a supply-demand mismatch. Reportedly, EQ B/L for early July arrivals was traded near $30/mt, and a small volume of EQ firm deals for late June arrivals was concluded above $35/mt. Reportedly, a small number of registered B/L for late June arrivals were quoted at $70-75/mt.

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