Copper prices moved lower across both domestic and international markets today, while aluminum rebounded sharply.
Latest data:
Yangtze #1 Copper: RMB 95,380/t, -330
Bare Copper (Oxygen-Free): RMB 96,540/t, -330
Enameled Wire: RMB 100,650/t, -330
A00 Aluminum: RMB 24,530/t, +720
Guangdong #1 Copper: RMB 95,320/t, -360
Guangdong A00 Aluminum: RMB 24,430/t, +710
LME Copper: USD 12,128/t, -66
SHFE 2604: RMB 95,240/t, -420
SHFE 2605: RMB 95,240/t, -460
Market view:
Copper remains under pressure on cautious demand and macro sentiment. Buying is steady but conservative. Aluminum, however, shows stronger momentum on short-term supply-demand shifts.
Industry note:
Copper price movements continue to impact cable costs and pricing. The current pullback offers some cost relief, but volatility remains.
Chatnow Insight:
We keep a close watch on copper markets to ensure stable supply, consistent quality, and competitive pricing for our partners.