China's copper enameled wire exports fell both year-on-year and month-on-month in August, with Japan and India posting the steepest declines. While Southeast Asia and the US offered partial support, the overall export slowdown signals softer overseas demand for copper wire, pointing to potential downward price pressure.
Copper cathode rod producers cut operating rates to their lowest level in over a year as sustained high copper prices suppressed downstream orders from the wire & cable and enamelled wire sectors. Enterprises scaled back production and accumulated finished goods inventories, tightening upstream supply of rod material that feeds into copper wire manufacturing. The supply contraction, combined with persistent elevated copper prices, is expected to keep upstream cost pressure on copper wire producers through September.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Copper Wire | China | FOB | USD 13,708.86/MT | July 2026 |
| Copper Wire | India | CIF | USD 13,815.67/MT | July 2026 |
| Copper Wire | Germany | CIF | USD 13,842.49/MT | July 2026 |
| Copper Wire | Australia | CIF | USD 13,807.32/MT | July 2026 |
| Copper Wire | Brazil | CIF | USD 13,880.47/MT | July 2026 |
| Copper Wire | China | FOB | USD 13,630.26/MT | June 2026 |
| Copper Wire | India | CIF | USD 13,717.80/MT | June 2026 |
| Copper Wire | Germany | CIF | USD 13,751.74/MT | June 2026 |
| Copper Wire | Australia | CIF | USD 13,696.34/MT | June 2026 |
| Copper Wire | Brazil | CIF | USD 13,801.86/MT | June 2026 |
Stay updated with the latest Copper Wire prices, historical data, and tailored regional analysis
Asia
In China, Copper Wire prices eased from ~USD 14,000/MT (FOB) to ~USD 13,630/MT in the last two months of the second quarter of 2026, showing a ~2.6% decrease. In India, Copper Wire prices slipped from ~USD 14,067/MT (CIF) in May to ~USD 13,718/MT in the last month of Q2’26, showing a ~2.5% decrease. During Q2’26, prices remained elevated in April, weakened in May, and declined further in June. Feedstock tightness also added cost pressure, as concentrate supply stayed constrained due to weak mine output in key producing countries in the early part of the quarter. However, January-May unwrought copper and copper-product imports fell 7% to 2.01 million tonnes. By the end of the quarter, lower imports indicated weaker purchasing, and consumers only showed need-based procurement, resulting in a slight decrease in copper wire prices.
Europe
Copper Wire prices in Germany declined from around USD 14,093/MT (CIF) in May to ~USD 13,752/MT in June, showing an approx. 2.4% decrease. Higher energy prices and intermediate input expenses contributed to increasing the manufacturing cost. Nevertheless, by June, weak industrial demand and lack of inventory rebuilding efforts overcame the influence of replacement-cost pressure on suppliers.
North America
The copper wire price curve displayed fluctuating patterns during the second quarter of 2026. A 50.0% tariff applied to most copper articles at full customs value from April 6, 2026, raising import costs. A separate review of refined copper tariffs was due by June 30, encouraging traders to move copper into US warehouses before the decision. This increased local demand and domestic copper premiums, pushing the nonferrous wire and cable index up 5.6% month over month in May. However, prices lost momentum in June as flat manufacturing output and cautious downstream purchasing limited further increases.
Analyst Insight
According to Procurement Resource, copper-wire prices are likely to remain stable to slightly softer in the near term. Adequate refined supply and cautious procurement could outweigh persistent fabrication and logistics costs.
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Asia
In Asia, copper wire prices in China remained stable during Q1’26 as tight copper concentrate availability restricted supply-side flexibility and maintained elevated feedstock costs. Copper concentrate treatment and refining charges reportedly settled at historically weak levels, reflecting severe mine supply tightness and negative spot processing margins. Seasonal Lunar New Year slowdowns reduced operating rates across the wire, cable, appliance, and construction sectors, while rising domestic inventories weakened spot sentiment. However, demand from electric vehicles, renewable power infrastructure, electronics, and grid investments continued to support downstream copper wire consumption.
Europe
In Europe, copper wire markets followed a weak-to-stable trajectory amid moderate industrial output and cautious purchasing behaviour from automotive, manufacturing, and construction sectors. Dependence on imported copper feedstock exposed regional producers to global concentrate shortages and higher production costs, preventing sharper market declines. Reduced smelter profitability due to weak treatment charges and tighter concentrate availability continued pressuring regional processing economics, while renewable energy projects and transmission grid upgrades maintained baseline downstream demand for copper wire and cable applications.
North America
In North America, copper wire markets fluctuated within a narrow range due to balanced supply-demand conditions and elevated inventories. Manufacturing activity moderated during the quarter, but demand from grid modernization, electrification projects, EV infrastructure, semiconductor facilities, and data centre expansion provided stable support for downstream copper wire consumption. Tight global concentrate supply and constrained smelting economics continued influencing feedstock costs despite relatively stable domestic operating conditions.
Copper wires are flexible and durable wires drawn from copper which are highly conductive and thus are employed for electrical and thermal applications. The high electrical conductivity of these wires along with the resistance to corrosion, makes them employable in various industrial applications such as electrical wiring, power transmission, electronics, automotive systems, construction, etc.
Electrical wiring, Power generation and transmission, Electronics and communication, Automotive industry, Heating and cooling systems, Industrial Machinery
Sumitomo Electric Industries Ltd, Alfanar Group, NEXANS, Prysmian S.p.A.
CurrencyUS$ (Data can also be provided in local currency)
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The initial step in this process is the usage of diamond dies to draw copper rods under controlled conditions of coolants and lubricants that gives fine wires. In the next step, the drawn copper rods are processed in an electric furnace via annealing where temperature is monitored carefully. In the last bunching step, the wires in bunches are set depending upon their sizes.
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