Copper and aluminum raw material prices are core indicators for cable production and international quotation. Daily price fluctuations directly affect the material cost and pricing strategy of cable orders. On October 28, 2026, the non-ferrous metal market showed divergent performance. LME copper is the primary reference for global buyers, while domestic spot copper price moved higher and aluminum price weakened. Below is the complete market data and industry analysis.
Oct 28, 2026 Copper & Aluminum Spot Price (All USD, Exchange Rate: 1 USD = 6.6660 CNY)
表格
| Market | Item | Price | Change |
|---|---|---|---|
| LME Market | LME Copper | 14457 USD/ton | -19 USD/ton |
| Yangtze Spot | 1# Copper | 16677 USD/ton | +24 USD/ton |
| Yangtze Spot | Hard Oxygen-Free Copper Wire | 16851 USD/ton | +24 USD/ton |
| Yangtze Spot | Enameled Wire | 17468 USD/ton | +24 USD/ton |
| Yangtze Spot | A00 Aluminum | 3561 USD/ton | -29 USD/ton |
| Futures | SHFE Copper 2611 | 16467 USD/ton | -11 USD/ton |
| Futures | SHFE Copper 2612 | 16362 USD/ton | -20 USD/ton |
Data Source: Yangtze Nonferrous Metals Network. The market data is for procurement reference only. The actual transaction price is subject to real-time negotiation and exchange rate fluctuation.
Market Analysis: Domestic Copper Rises While Aluminum Falls, Divergent Trend with LME
Today, Yangtze spot 1# copper increased, driving oxygen-free copper wire and enameled wire to rise simultaneously, showing strong momentum on the domestic spot side. Aluminum price faced downward pressure. In contrast, benchmark LME copper dipped slightly, creating a divergence between domestic spot and overseas benchmark market.
For the cable industry, copper is the dominant conductor material for power cables. The rise in China spot copper price directly pushes up the production cost of copper-core cables. For orders with long lead times, overseas buyers need to watch out for price volatility risks and reasonably arrange price locking and production scheduling. Raw material cost for aluminum conductor cables gets minor benefits from falling aluminum prices. You can re-evaluate material selection solutions for projects where aluminum can replace copper.
Suggestions for Cable Procurement & Quotation
When domestic copper prices trend upward, quotation for overseas cable orders should reserve buffer space for raw material volatility. Price locking clauses are recommended for long-term projects.
- Copper core cable orders: Keep close track of LME copper and China spot copper movement to avoid squeezed profit caused by rising raw material costs. You can check our copper power cable solutions.
- Aluminum core cable options: Lower aluminum prices bring cost advantages. It is suitable for cost-sensitive projects that meet ampacity requirements. Learn more about aluminum cable selection guidelines.
- Price comparison strategy: Prioritize LME copper as the global benchmark, and cross-check with Yangtze spot and SHFE copper futures to judge short-term trends.
FAQ
1.Do we have to raise cable quotations immediately when copper price goes up?
Not necessarily. It depends on the pricing terms and stock availability of the order. Orders covered by existing inventory can keep the original quotation. New and forward orders need to factor in the rising copper cost.
2.Are aluminum cables more cost-effective when aluminum price drops?
Aluminum conductor cables gain better cost performance, but copper and aluminum differ in conductivity and installation requirements. Material selection should consider ampacity, installation environment and service life comprehensively rather than only metal prices.
The market on Oct 28, 2026 features a clear divergence: China spot copper rises and aluminum falls, while benchmark LME copper edged down. Participants along the cable supply chain should keep tracking LME and spot copper and aluminum prices, adjust purchasing and quotation plans flexibly, and mitigate operational risks from commodity swings. Feel free to contact us for the latest quotation if you need cable inquiry.