Market Summary
On March 23, 2026, copper prices experienced a significant decline across both domestic and international markets. The sharp drop reflects short-term pressure from macro sentiment and futures market adjustments, with spot and contract prices moving downward in tandem.
📉 Latest Market Data
Yangtze River Spot Copper (1#): 93,190 RMB/ton ↓ 2,700
Oxygen-Free Copper Wire (Hard): 94,350 RMB/ton ↓ 2,700
Enamelled Wire Price: 98,460 RMB/ton ↓ 2,700
A00 Aluminum (Yangtze): 23,440 RMB/ton ↓ 630
Guangdong Spot Copper (1#): 93,100 RMB/ton ↓ 2,700
A00 Aluminum (Guangdong): 23,410 RMB/ton ↓ 650
LME Copper: 11,868 USD/ton ↓ 61
SHFE Copper 2604: 93,050 RMB/ton ↓ 1,460
SHFE Copper 2605: 93,000 RMB/ton ↓ 1,400
🔌 Why Copper Matters to the Cable Industry
Copper is the core raw material for wire and cable manufacturing, directly impacting product pricing and project costs. Sharp fluctuations like today's decline can influence procurement strategies, inventory planning, and quotation cycles across the industry.
🏭 Industry Perspective
Chatnow Technology continues to monitor copper market movements closely, helping clients navigate price volatility with stable supply and competitive pricing strategies. In a fluctuating market environment, we remain committed to delivering reliable cable solutions with cost efficiency and consistency.