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

Save

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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

58 mins ago

Policy Uncertainty Disrupts North American AC Market, Impacting Trade and Demand Stability

North American Air Conditioner Market: Policy Disruptions and Disrupted Pace. Frequent and disorderly adjustments to US tariff policies and AC energy efficiency standards have kept trade uncertainty on the rise, significantly increasing procurement and compliance risks for the industry. Dealers generally adopt a small-batch, wait-and-see stockpiling strategy; the traditional seasonal restocking pace has been disrupted, and market demand release is unstable and fluctuates greatly.

58 mins ago

1 hour ago

Latin American AC Market Faces Short-Term Pressure but Long-Term Promise Amid Economic Recovery

Latin American Air Conditioner Market: Under Pressure in the Short Term, Promising in the Long Term. In the short term, regional inflation and exchange rate fluctuations suppress consumer purchasing power, compounded by previously high channel inventory, resulting in weak users’ willingness to stockpile proactively, and market demand is under temporary pressure; in the long term, the region has ample climate-driven rigid demand and a low market penetration rate. As the economy recovers and inventory is cleared, there will be considerable room for subsequent demand recovery.

1 hour ago

Steady Growth in Africa's Air Conditioner Market Driven by Strong Demand and Urbanization

The Air Conditioner Market in Africa: Steady Growth in a Rigid-Demand Market. Africa is located in the tropics, where the rigid demand for air conditioning cooling is strong, and steady urbanization underpins basic consumption; the market is dominated by cost-effective entry-level products, which are less affected by policy and market fluctuations, and channel inventory is within a reasonable range. Coupled with the mature China-Africa trade system, overall demand maintains stable operation.

1 hour ago