Trading was sluggish for spot copper during the day, with overall transactions limited [SMM Yangshan spot copper]

Published: Feb 6, 2026 13:36

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News on February 6, 2026: Today, warrant prices were $28-46/mt, with QP in February, and the average price remained flat compared to the previous trading day; B/L prices were $36-52/mt, with QP in March, and the average price remained flat compared to the previous trading day; EQ copper (CIF B/L) was $12-24/mt, with QP in March, and the average price remained flat compared to the previous trading day. Quotations referred to cargoes arriving in mid-February.

Market transactions were limited during the day, and the overall atmosphere was sluggish. Warrant prices were heard closed at $40-50, with QP in February or March; transactions were concentrated around $30-40/mt. Cargoes for delivery in late February were heard traded at $35-40/mt, with QP in March. A small amount of pyrometallurgy B/L for late February arrival was quoted at $50-60/mt, with QP in March; EQ B/L for late February arrival was quoted at $15-25, while EQ B/L for arrival in early to mid-February was quoted at $10-20/mt, and a transaction was heard at $25, with QP in March.

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