Spot copper prices surged sharply on June 12, 2026, with Yangtze spot #1 copper jumping 1,350
yuan/ton, marking the largest single-day gain in over a month. Domestic SHFE copper futures rallied
strongly in tandem, while LME copper also jumped over 180 dollars/ton. Aluminum prices rebounded
significantly across the board, presenting a clear pattern of full-scale synchronized rally in both
copper and aluminum, with domestic and overseas markets moving higher in unison.
Latest Data:
Yangtze #1 Copper: RMB 104,720/ton, +1,350
Bare Copper Wire (Oxygen-Free, Hard): RMB 105,880/ton, +1,350
Enameled Wire: RMB 109,990/ton, +1,350
Yangtze A00 Aluminum: RMB 24,140/ton, +170
Guangdong #1 Copper: RMB 104,820/ton, +1,360
Guangdong A00 Aluminum: RMB 24,160/ton, +170
LME Copper: USD 13,664/ton, +182
SHFE 2607 Near-Month Contract: RMB 104,600/ton, +1,190
SHFE 2608 Main Contract: RMB 104,580/ton, +1,200 (Contract switch completed)
Market View:
Spot copper prices exploded higher with a 1,350 yuan/ton gain, breaking through the 104,000 yuan/ton resistance level decisively. Domestic SHFE copper futures followed suit, with the newly switched main
contract 2608 surging 1,200 yuan/ton, driven by massive capital inflows. LME copper jumped 182 dollars/ton overnight, supported by a weaker US dollar and declining global inventories. Aluminum prices also rose sharply, ending their previous downward trend. The market has now entered a strong rebound phase
driven by improved macro sentiment and tight supply fundamentals.
Industry Note:
Copper price volatility has intensified significantly, with the market reacting strongly to US inflation data. Downstream rigid demand has picked up notably, with cable and electrical manufacturers accelerating replenishment ahead of the mid-year peak season. Aluminum prices rebounded after excessive declines, supported by improved sentiment and slowing inventory accumulation. Meanwhile, vigilance is required against profit-taking pullbacks after the sharp rally, as market sentiment remains sensitive to macro news.
Chatnow Insight:
We will maintain stable supply and transparent pricing, adjusting quotes flexibly based on real-time market fluctuations to help our customers manage procurement costs effectively amid high volatility.