On July 16, 2025: Today's warrant prices ranged from $44 to $56/mt, with a QP (Quantity Period) of August, and the average price remained unchanged from the previous trading day. B/L (Bill of Lading) prices ranged from $56 to $76/mt, with a QP of August, and the average price remained unchanged from the previous trading day. EQ copper (CIF B/L) prices ranged from $22 to $36/mt, with a QP of July, and the average price remained unchanged from the previous trading day. Quotations were based on cargo arrivals in late July and early August.
The spot market was sluggish during the day, with many inquiries for registered B/Ls but few offers. It was heard that domestic B/Ls arriving in early July were quoted at $60-70, with counteroffers at $60 and a QP of August. EQ cargo arriving in late July was heard to have been traded at $25-40, with a QP of August. General pyrometallurgical cargo arriving in late July was quoted at $80-85, with no trades heard for a QP of August. Overall, the SHFE/LME price ratio pulled back slightly compared to yesterday, and suppliers in the market had a strong wait-and-see sentiment, making it difficult to find offers.
