Camden Copper Prices

Copper Price

How to Avoid Copper Shock

Avoid sticker shock and lock in Allied Wire & Cable’s best copper price on copper wire and copper cable now through September 30. Bullish investors and Hurricane Harvey and Hurricane Irma are driving the copper wire price and other industrial metals’ prices to multi-year highs. The copper wire price surged in early September to its highest level in three years and is forecast to continue skyrocketing, experts say.

 

Driving the gains are projections that 2017’s rebound in global growth will continue, with key economies around the world kicking into a higher gear after a sustained period of flat performance, according to a Wall Street Journal article. International investors view the demand for copper and other base metals—building blocks of construction and used to make scores of products, including smartphones—as a key gauge of economic health.

 

 

Investor Projections on Copper Prices

 

"Many investors are also betting that reduced supplies and a selloff in the dollar will continue boosting prices, which had fallen in recent years alongside other commodities as new producers saturated markets," according to the Wall Street Journal.

 

Copper Pricing

 

 

Hurricane Harvey has displaced more than 1 million people in Texas and Louisiana. Experts estimate flooding and storm damage in these states is estimated to cost as much as $100 billion—with some saying much more—making Hurricane Harvey one of the costliest disasters in recorded U.S. history. Accuweather projects a $190 billion impact on the economy. Hurricane Irma, meanwhile, is already the most powerful Atlantic hurricane in recorded history, packing winds of 185 miles per hour. This storm has the potential to put a deeper dent into the economy.

 

 

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"Because of the instability in the copper market due to the hedge funds and due to the disasters in Texas and Florida, we’re seeing a supply-and-demand issue that could create a shortage in allocation," said Tony Spina, Allied Wire & Cable vice president of sales.

 

 

Spina estimates the fallout from Hurricane Harvey and Hurricane Irma could linger for 18 months. Earlier in the decade, disasters in Chilean copper mines created two years of volatile copper pricing, he said.

 

 

Furthermore, the hurricanes might affect pricing for wire and cable jacketing because of a scarcity of resources to create compounds used to produce jacketing. "We could see shortages on insulation," Spina said.

 

 

How to Lock in Copper Pricing

 

Allied Wire & Cable is extending this special opportunity to all our valued customers to lock in our best copper wire price through September 30. We encourage all our customers to think strategically and save potentially thousands of dollars down the road by making blanket orders this month. Our supply of copper wire and copper cable is bountiful and able to meet your needs. Make your orders through September 30 to lock in our best copper price and receive large-volume shipments from Allied Wire & Cable when your business requires them.

 

Allied Wire & Cable, whose headquarters are located in Collegeville, Pennsylvania, has served global markets—including the aerospace, automotive, government, military and telecommunications industries—since 1988. Our company’s owners and sales representatives—located in Florida, Nevada, New Hampshire, South Carolina, Tennessee, Texas, Wisconsin and Canada—boast a combined 500-plus years of experience and are ready to address your needs. The Allied Wire & Cable team prides itself on providing outstanding pricing, quality and service, assigning individual sales representatives to each customer.

 

 

Contact an Allied Wire & Cable sales representative today to lock in the best copper price on copper wire and copper cable for your company now and for the foreseeable future.

 

 

Camden Copper Prices

 

 

Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
1/1 1.03 1.04 0.84 0.88 1.23 1.7 2.38 3.1 3.3 1.66 3.6 4.64 3.72 3.94 3.775 3.21 2.48 2.84 3.63
1/16 1.03 1.04 0.88 0.94 1.27 1.65 2.39 2.84 3.48 1.7 3.63 4.69 3.93 3.925 3.74 2.95 2.28 3.02 3.63
2/1 1.02 1.04 0.91 0.97 1.33 1.68 2.46 2.83 3.55 1.73 3.32 4.74 4.085 4.03 3.555 2.87 2.41 3.06 3.53
2/16 1.0 1.02 0.91 0.94 1.43 1.7 2.42 2.91 3.78 1.8 3.35 4.82 4.095 4.04 3.655 2.96 2.37 3.08 3.59
3/1 0.96 1.0 0.9 0.96 1.53 1.71 2.41 2.99 4.11 1.79 3.54 4.77 4.165 3.835 3.57 3.06 2.47 3.05 3.45
3/16 0.98 0.99 0.93 0.93 1.53 1.71 2.48 3.23 4.11 1.81 3.58 4.42 4.19 3.815 3.345 3.02 2.58 2.99 3.46
4/1 0.98 0.95 0.94 0.89 1.56 1.72 2.71 3.4 4.13 2.1 3.82 4.59 4.12 3.705 3.38 3.09 2.53 2.99 3.37
4/16 0.93 0.95 0.9 0.92 1.49 1.68 3.09 3.78 4.16 2.47 3.87 4.54 3.92 3.59 3.35 3.07 2.50 2.91 3.42
5/1 0.97 0.95 0.92 0.91 1.41 1.71 3.56 3.79 4.2 2.32 3.61 4.46 4.13 3.5 3.36 3.23 2.62 2.94 3.05
5/16 1.01 0.93 0.93 0.94 1.37 1.64 4.1 3.79 4.03 2.3 3.4 4.27 3.82 3.58 3.495 3.29 2.42 2.87 3.39
6/1 1.0 0.94 0.94 0.96 1.48 1.72 3.95 3.65 3.9 2.47 3.37 4.46 3.66 3.61 3.47 3.10 2.44 2.92 3.40
6/16 1.0 0.9 0.95 0.94 1.39 1.82 3.55 3.68 3.86 2.55 3.28 4.41 3.68 3.515 3.365 3.00 2.44 2.91 3.49
7/1 1.0 0.89 0.95 0.93 1.41 1.77 3.71 3.73 4.17 2.53 3.21 4.56 3.79 3.36 3.52 2.97 2.54 3.04 3.30
7/16 1.01 0.89 0.92 0.97 1.49 1.84 4.07 3.89 4.0 2.65 3.28 4.7 3.8 3.47 3.57 2.88 2.58 3.03 3.12
8/1 1.06 0.86 0.86 1.0 1.51 1.9 3.85 3.92 4.0 2.89 3.58 4.76 3.715 3.43 3.56 2.71 2.57 3.23
8/16 1.06 0.84 0.86 0.97 1.52 1.98 3.8 3.64 3.62 3.11 3.52 4.32 3.65 3.65 3.43 2.71 2.50 3.23
9/1 1.08 0.86 0.87 0.99 1.48 1.91 3.71 3.67 3.71 3.08 3.63 4.48 3.75 3.54 3.47 2.68 2.41 3.42
9/16 1.11 0.83 0.87 1.0 1.47 1.89 3.56 3.65 3.46 3.1 3.73 4.23 4.15 3.52 3.415 2.78 2.50 3.27
10/1 1.11 0.83 0.84 1.0 1.6 2.01 3.7 3.89 3.16 3.07 3.92 3.44 4.07 3.635 3.34 2.69 2.55 3.28
10/16 1.08 0.82 0.85 1.08 1.52 2.07 3.64 3.92 2.49 3.12 4.11 3.7 4.01 3.61 3.34 2.77 2.45 3.46
11/1 1.04 0.8 0.9 1.12 1.55 2.11 3.58 3.73 2.11 3.22 4.01 3.92 3.82 3.6 3.395 2.66 2.55 3.43
11/16 1.02 0.85 0.9 1.13 1.64 2.24 3.33 3.34 1.96 3.22 4.2 3.79 3.76 3.485 3.39 2.52 2.85 3.39
12/1 1.03 0.9 0.93 1.09 1.65 2.28 3.42 3.42 1.88 3.42 4.1 3.85 3.925 3.54 3.19 2.39 2.97 3.38   
12/16 1.06 0.85 0.91 1.18 1.67 2.35 3.25 3.2 1.65 3.39 4.41 3.55 3.96 3.66 3.23 2.3950 2.94 3.38