Copper prices continued their upward movement today, with domestic and international copper markets showing strong performance. Supported by firm demand expectations and positive market sentiment, copper prices increased further, while aluminum and PVC prices experienced slight declines.
Latest Market Data:
Yangtze Spot #1 Copper: RMB 105,290/ton ▲550
Bare Copper Wire (Hard): RMB 106,450/ton ▲550
Enameled Copper Wire: RMB 110,560/ton ▲550
LME Copper: USD 13,645/ton ▲117
SHFE Copper Futures: RMB 104,580/ton ▲820
A00 Aluminum: RMB 23,080/ton ▼110
LME Aluminum: USD 3,135/ton ▼31
PVC Futures: RMB 4,560/ton ▼47
Copper Market Overview
Copper prices maintained a strong upward trend today, with both domestic spot prices and international futures markets recording gains. Yangtze Spot #1 Copper reached RMB 105,290/ton, while LME copper climbed to USD 13,645/ton, reflecting continued market confidence.
As a major raw material for cable manufacturing, copper price fluctuations have a direct impact on the cost of communication cables, industrial cables, control cables, and customized cable solutions.
Impact on Cable Industry
With copper prices remaining at a high level, cable manufacturers are paying close attention to raw material cost changes. At Chatnow Cable, we continue to monitor global copper trends, optimize supply chain management, and provide customers with reliable cable products, competitive pricing, and professional customized solutions.
We will continue tracking global raw material markets and delivering high-quality cable solutions to customers worldwide.