The spot copper price in USD remained similar to yesterday's level, with sellers' offers converging. [SMM Yangshan Spot Copper]

Apr 17, 2025, at 1:53 pm

April 17, 2025: Warrant prices today closed at $82-90/mt, QP May, with the average price flat compared to the previous trading day. B/L prices closed at $98-108/mt, QP May, with the average price flat compared to the previous trading day. EQ copper (CIF B/L) closed at $55-65/mt, QP May, with the average price flat compared to the previous trading day, referencing shipments arriving in mid to late April. The SHFE/LME price ratio for SHFE copper 2504 contract was around -600 yuan/mt, with LME copper 3M-May at C$3.91/mt, and the spread between May date and June date at C$5.21/mt. Market sentiment remained high today, with offers tending to unify. Sporadic reports indicated some suppliers were offloading goods at low prices. It was heard that pyrometallurgy B/L for late April closed at $100-105, QP May. Domestic warrant offers closed at $95-100/5QP. Mid to late April EQ B/L offers saw transactions at $60-70/5QP. Overall, the market remained largely consistent with the previous period, and sellers held optimistic expectations for a wider SHFE/LME price ratio in the future.

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The spot copper price in USD remained similar to yesterday's level, with sellers' offers converging. [SMM Yangshan Spot Copper]

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