June 18, 2025 News: Today, warrant prices ranged from $32 to $48/mt, with QP in July, and the average price increased by $1/mt compared to the previous trading day. B/L prices ranged from $50 to $72/mt, with QP in July, and the average price increased by $1/mt compared to the previous trading day. EQ copper (CIF B/L) prices ranged from $4/mt to $18/mt, with QP in July, and the average price remained unchanged compared to the previous trading day. Quotations referenced cargo arriving in late June and early July.
Today, the US dollar copper market continued the trend from the previous day, with weak supply and demand. Only a small number of long-term contracts were replenished, and CME-registered B/Ls were traded. Downstream demand remained weak. It was heard today that domestic warrants were quoted at around $40-50, with QP in July. Domestic B/Ls for cargo arriving in early July were quoted at $55-60, with QP in July. EQ for cargo arriving in early July was quoted at $15-20, with a small volume traded at $5-10, with QP in July. B/Ls for cargo arriving in early July from Japan and South Korea were traded at $100-110, with QP in July. Overall, a large number of domestic warrant and B/L transactions remained difficult to close, and downstream purchase willingness was poor.
