SMM

As of last Friday, Yangshan copper premiums with a quotation period in June stood at $35.6-50.6/mt under warrants during May 29-June 2, with the average up $8.5/mt from a week earlier. Those stood between $51.2-66.2/mt under bill of lading with a quotation period in July, with the average up $3.3/mt. As of June 2, the SHFE/LME copper price ratio stood at 8.06, and import profit stood at 11.27 yuan/mt.