Intraday spot transactions were relatively sluggish, with low activity in inquiries and offers during the mid-year period [SMM Yangshan spot copper]

On June 30, the average warrant price remained unchanged from the previous trading day, reported at $68/mt (price range: $64-72/mt); the average B/L price remained unchanged from the previous trading day, reported at $69/mt (price range: $64-74/mt); the average price for EQ copper (CIF B/L) remained unchanged from the previous trading day, reported at $41/mt (price range: $37-45/mt), with quotes referencing cargoes arriving in early July.

As the SHFE/LME price ratio weakened during the week, and last week's concentrated transactions of cargoes, combined with the June 30 period, market activity was low today. It was heard that a small number of B/Ls for EQ copper arriving in early August were quoted at $50-55/mt, and registered warrants arriving in August were quoted at $80/mt.