Few offers were made during the day, and there were almost no market participants. [SMM Yangshan Spot Copper]

        February 13, 2026: Today, warrant prices were $26-40/mt, QP February, with the average price down $1/mt from the previous trading day; B/L prices were $28-42/mt, QP March, with the average price down $2/mt from the previous trading day; ER copper (CIF B/L) was $12-20/mt, QP March, with the average price down $1/mt from the previous trading day. Quotations referred to cargoes arriving in mid-to-late February.

      During the day, almost all traders were on holiday, making it difficult to find offers in the spot market. It was heard that a small amount of pyrometallurgy B/L for late February arrival was closed at $35-45/mt, QP March; ER B/L for late February arrival was offered at $15-25/mt, while ER B/L for mid-to-early February arrival was offered at $10-20/mt, QP March.