Copper Notes

Last fall when the economic outlook for 2001 was strong, many producers ordered heavily to secure adequate supplies of copper. The slowing down of the economy has decreased the demand for copper creating a surplus globally. For the first several months this year we saw copper selling between 80 to 85 cents. The price of copper has been on a general decline since then and is currently below 70 cents. Prices have fallen to their lowest levels since July of 1999. Increases in Comex and LME inventories and a decline in consumption during the last several months have contributed to the price decline. Couple this with the present economic uncertainty and a quick rebound in the price of copper is highly unlikely.

As always, we are closely monitoring our copper inventories to ensure that we maintain the broadest range of cables at the lowest cost, allowing us to pass the savings on to you.

Please tell us your requirements so we can provide you with the maximum value on our complete and competitively priced wire and cable inventory.

Copper Futures Chart

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