Intraday Trading Recovers Slightly, Pricing Active After Asian Session Close [SMM Yangshan Spot Copper]

Published: Jun 4, 2026 13:04

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On June 4, the average warrant price remained flat from the previous trading day at $67/mt (price range $63-71/mt); the average B/L price remained flat from the previous trading day at $68/mt (price range $64-72/mt); the average EQ copper (CIF B/L) price remained flat from the previous trading day at $37/mt (price range $32-42/mt), with quotes referencing cargoes arriving in June and early July.

The intraday market was largely similar to the previous day. It was heard that smelters' counterbids for Shanghai bonded delivery were concluded at around $65-70/mt; EQ B/Ls arriving in early July to early August were offered at around $45/mt, QP July; some non-Chinese-origin registered B/Ls arriving in early June were concluded at around $70/mt, QP July; a large volume of COMEX-registered B/Ls were concluded at $150-160/mt, QP July.

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