Copper moved up today across both domestic and LME markets. Aluminum was slightly down.
Latest data:
Yangtze #1 Copper: RMB 96,810/t, +510
Bare Copper (Oxygen-Free): RMB 97,970/t, +510
Enameled Wire: RMB 102,080/t, +510
A00 Aluminum: RMB 24,480/t, -30
Guangdong #1 Copper: RMB 96,780/t, +600
Guangdong A00 Aluminum: RMB 24,400/t, -40
LME Copper: USD 12,436/t, +76
SHFE 2604: RMB 96,770/t, +530
SHFE 2605: RMB 96,830/t, +600
Market view:
Copper bounced back after recent declines. Futures led the move, with spot prices following. Buying picked up slightly. Aluminum stayed stable overall.
Industry note:
Higher copper prices mean rising material costs in the short term. Price swings are still something to watch.
Chatnow Insight:
We keep tracking copper markets closely to maintain stable supply and competitive pricing for our customers.