Offers Remained Plentiful but Transactions Were Sporadic, and the Intraday Price Center Stabilized [SMM Spot Yangshan Copper]

Published: Mar 10, 2026 12:31

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March 10, 2026: Today, the average price of warrants was unchanged from the previous trading day; the average price of B/L was unchanged from the previous trading day, while the average price of EQ copper (CIF B/L) rose by $2/mt from the previous trading day, with quotes referring to cargoes expected to arrive from mid-to-late March to early April.

There were still relatively many offers in the market intraday, but transactions declined from yesterday. It was heard that a small volume of ER copper B/L arriving in late March was closed at $55-60/mt, quotation period (QP) April; EQ B/L arriving in late March and early April was offered at $25-30/mt, and EQ B/L arriving in mid-to-late April was offered at $35/mt, quotation period (QP) May. ER copper and two-brand B/L for delivery within this week were offered at $60-65/mt, quotation period (QP) April.

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.

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