The spot market remains stable, with a small volume of transactions supporting premiums during the day [SMM Shanghai spot copper]

        June 13, 2025 News: Today, warrant prices ranged from $30 to $46/mt, with QP June, and the average price remained unchanged from the previous trading day. B/L prices ranged from $48 to $72/mt, with QP July, and the average price remained unchanged from the previous trading day. EQ copper (CIF B/L) prices ranged from $4 to $18/mt, with QP July, and the average price remained unchanged from the previous trading day. Quotations referenced cargoes arriving in late June and early July.

        Today's market showed no significant changes compared to yesterday, with buyers and sellers mostly adopting a wait-and-see attitude. Domestic warrants were quoted at around $45-60 today, with a few transactions heard at $30-40 for the $60-80 range, QP July. Domestic B/Ls arriving in early July were quoted at $60, with a few transactions concluded at $45-55, QP July. EQ arriving in early July was quoted at $20, with counteroffers still in negative territory and no transactions heard, QP July. Overall, Yangshan copper premiums have stabilized at the bottom, with a few long-term contract restocks by buyers resulting in transactions.