COMEX copper futures broke through $5/lb. to a new record high on May 14, 2024, now at around $4.43/lb. on 6/18. Prices have stabilized as the global copper supply has increased after weak economic forecasts from China specifically. Demand still looks to outpace supply in the long term, driven by rising demand for renewable energy and electric vehicles, along with supply constraints from aging mines and geopolitical risks.
Copper Tube Mills have announced a new list price sheet dated 6/18, which is effective immediately. Please call your United Pipe representative to place orders now.
Rely on Us for Inventory and Weekly Delivery
In volatile times like these, rely on our nationwide stock of commodity pipe products. Break bundles and combine copper tube, steel pipe, and PVC pipe in your order to make our low minimum weight for FFA and weekly delivery. Become more competitive and manage your risk on volatile commodity products while turning inventory more quickly.