Copper prices extended gains today, driven by persistent supply concerns and resilient industrial demand.
As of August 4, 2026, copper prices continued to climb across major exchanges:
| Market | Price | Change |
|---|---|---|
| Yangtze Spot (1# Copper) | RMB 106,940/ton | ↑ RMB 710/ton |
| Guangdong Spot (1# Copper) | RMB 106,630/ton | ↑ RMB 730/ton |
| LME Copper | USD 13,902/ton | ↑ USD 32/ton |
| SHFE Copper 2609 | RMB 106,410/ton | ↑ RMB 670/ton |
Aluminum also moved higher - Yangtze A00 aluminum rose RMB 220/ton to RMB 23,720/ton.
What this means for cable buyers:
Copper prices have now broken through the RMB 106,000/ton level, with spot premiums remaining firm amid tight physical supply. This sustained upward trend reflects ongoing demand from the renewable energy, infrastructure, and industrial sectors. For cable buyers, forward purchasing and strategic inventory management are becoming increasingly critical to mitigate cost risks.