Copper prices edged lower today, tracking global market trends.
As of 10:25 AM (Beijing Time), July 9, 2026, copper prices saw a modest decline across major exchanges:
| Market | Price | Change |
|---|---|---|
| Yangtze Spot (1# Copper) | RMB 102,830/ton | ↓ RMB 280/ton |
| Guangdong Spot (1# Copper) | RMB 102,260/ton | ↓ RMB 290/ton |
| LME Copper | USD 13,255/ton | ↓ USD 80/ton |
| SHFE Copper 2608 | RMB 102,430/ton | ↓ RMB 570/ton |
What this means for cable buyers:
Copper accounts for 70-80% of the raw material cost in most cables. Today's price drop, while modest, signals continued market fluctuation. For buyers with upcoming projects, this may be a good time to review pricing with suppliers.
Key trend: Copper remains above RMB 100,000/ton - significantly higher than historical averages. Cable manufacturers continue to face pressure, but proactive buyers who lock in pricing early can mitigate volatility.