Christmas LME Copper Market Closed, Trading Sluggish with Few Offers and Deals [SMM Yangshan Spot Copper]

        December 25, 2025: Today, the warrant price was $50-60/mt, QP January, with the average price flat from the previous trading day; the B/L price was $48-60/mt, QP January, with the average price flat from the previous trading day; ER copper (CIF B/L) was $4-16/mt, QP January, with the average price flat from the previous trading day. Quotations referred to cargoes arriving in late December and early to mid-January.

        Due to the Christmas holiday, LME copper was closed today, and both market transactions and offers were limited. Warrants were heard closed at $55-60, QP January; transactions were concentrated around $55/mt, QP December. A small number of pyrometallurgy B/Ls for arrival in early January were heard offered at $50-60/mt, QP January; offers for ER B/Ls for arrival in late December and early January were heard at $20-25, with early session transactions heard for December-arrival ER at $10-15, QP January; offers for ER B/Ls for late January arrival were heard at $25-30/mt with no transactions reported, QP February.