Copper and Aluminum Prices Rise, Impacting Cable Industry Costs

Recently, copper and aluminum prices have continued to rise, bringing new changes to raw material costs in the cable industry.

According to the latest market data:

• Yangtze Spot Copper: 1# Copper reached RMB 109,570/ton, up RMB 1,020/ton.
• Hard Oxygen-Free Copper Wire: RMB 110,730/ton, up RMB 1,020/ton.
• Enamelled Wire: RMB 114,840/ton, up RMB 1,020/ton.
• A00 Aluminum: RMB 23,870/ton, up RMB 130/ton.

In Guangdong spot markets, 1# Copper increased to RMB 109,380/ton, while A00 Aluminum reached RMB 24,130/ton, rising RMB 230/ton.

Copper and aluminum are key raw materials for cable manufacturing. The recent price increases may affect production costs, especially for power cables, control cables, and industrial cables. Cable manufacturers are paying closer attention to raw material trends and optimizing procurement strategies to manage cost fluctuations.

Despite market challenges, stable supply chains, efficient production management, and strong quality control remain essential for maintaining competitiveness in the global cable market.

As a professional cable manufacturer, we will continue monitoring raw material trends and providing customers with reliable, high-quality cable solutions.