December 1, 2025: Today, warrant prices were $25-37/mt, QP December, with the average price down $1/mt from the previous trading day; B/L prices were $41-53/mt, QP December, with the average price down $1/mt from the previous trading day; ER copper (CIF B/L) was -$6/mt to $8/mt, QP December, with the average price down $1/mt from the previous trading day. Quotations referred to cargoes arriving in early to mid-December.
Intraday market inquiries and offers were sluggish, with few transactions in the morning session, and premiums edged down from last Friday. Some warrants were heard closed at $30-40, QP December; transactions were concentrated at $28-35/mt, QP December. Early December pyrometallurgy B/Ls were offered at $55-60/mt, with a small amount of transactions concluded at $45-53/mt, QP December; early December ER B/L offers were reported at (-4)-12$, and morning session heard transactions for December-arrival ER at (-4)-8$, QP December.
