Gnee Steel (Tianjin) Co., Ltd.

C11000 Copper Price Update

Sep 28, 2026

C11000 Equivalent Designations

C11000 is the unified numbering system (UNS) grade for electrolytic tough pitch copper (ETP). It is the baseline industrial copper used in electrical busbar, transformer windings, plumbing tube, heat exchangers, general sheet metal, and most copper rod and wire products. Before any price discussion, it is worth confirming that the same material is called different names in different standards.

 

Standard system Grade code Other common names Notes
UNS (USA) C11000 Electrolytic Tough Pitch (ETP) ASTM B152, B187, B49, B280 base grade
EN (Europe) CW004A Cu-ETP EN 1652, EN 12163, EN 12449
GB/T (China) T2 - GB/T 5231, GB/T 1527/1530/2040
JIS (Japan) C1100 - JIS H3100, H3200, H3300
DIN (Germany) 2.0065 E-Cu58 DIN 1787 / EN 13601
BS (UK) C101 - BS EN 1652
ISO Cu-ETP - ISO 1336

 

If a drawing or purchase order references any of the grades above, the chemistry, conductivity, and processing behavior are materially the same. The certificate of analysis should show minimum 99.90% copper and residual oxygen in the range that defines tough pitch. The important exception is brazed or hydrogen-atmosphere service: for those applications, C12200 (DHP) should be specified instead, because residual oxygen in C11000 can cause hydrogen embrittlement.

 

Where C11000 Sits in Historical Price Context

The chart below combines two pieces of information. The left panel shows the annual average LME 3-month copper price from 2020 through the 2026 year-to-date. 

 

LME 3-month copper

Left: annual average LME 3-month copper, 2020-2026. Source: LME, public market data, industry analysis.

 

Key takeaways from the historical panel

2020 average: $6,181/t - the pandemic demand shock.

2021-2023: $8,488-$9,320/t - the post-Covid recovery followed by rate-hike pressure.

2024-2025: $9,261-$10,180/t

2026 YTD: $14,370/t - driven by physical tightness, low visible inventory, and the front-loading of metal into the United States ahead of the refined-copper decision.

 

The current C11000 price is therefore not just "high relative to last month." It is high relative to the entire post-pandemic period, and it is being supported by a policy-driven shift in global copper flows rather than by Chinese demand alone.

 

Market Snapshot: September 28, 2026

Indicator Latest Context
LME 3-month copper $14,455 / tonne -2.7% from all-time high of $14,858.50 on Sept 10
LME 2026 YTD average $14,370 / tonne +41% over 2025 average
LME cash vs 3-month ~$10 backwardation Mild front-end tightness
COMEX copper $6.62 / lb (~$14,595/t) US premium still positive vs LME
COMEX copper stocks ~762,000 tonnes Historic high; policy-driven inflow
LME registered stocks ~234,000 tonnes Multi-year low outside the US
SHFE copper stocks ~43,900 tonnes Lowest since 2023
Yangshan copper premium $124 / tonne Near four-year high
Shanghai spot #1 cathode 117,320 yuan / tonne Firm despite higher LME
Section 232 deadline Sept 30, 2026 90-day presidential decision window closes

 

Two numbers stand out. First, COMEX stocks near 762,000 tonnes show how aggressively metal has been moved into the United States. Second, LME/SHFE stocks near multi-year lows show how much supply has been removed from the rest of the world. The market is effectively split: metal inside the US carries a tariff-policy premium; metal outside the US is scarce.

 

What This Means for C11000 Buyers

Regardless of the September 30 outcome, the current C11000 market is defined by one structural fact: non-US physical copper is tight, and prices already discount that tightness. A tariff decision will determine how long the tightness lasts and where the metal sits, but it will not immediately solve the underlying shortage.

 

For procurement teams, the practical implications are:

Do not compare this week's quote to a 2024 or 2025 baseline. The 2026 price regime is structurally higher. Benchmarking against $9,000-10,000/t historical averages will make every current offer look expensive.

 

Separate the metal from the premium. Ask your supplier to itemize the LME reference, the regional premium, and the conversion premium. The conversion premium for C11000 wire rod, tube, strip, or sheet is where the supplier relationship shows up; the metal component is largely market-driven.

 

Assume volatility, not a steady drift. A binary event two days away means prices can gap. If you must cover October-November requirements, consider splitting orders rather than waiting for a single "better" price.

 

Factor in the tariff path for North American shipments. If your C11000 product is destined for the United States, confirm whether your supplier's quote is structured for delivery before January 2027, after the potential first tariff step, or under a clause that allows renegotiation if duties change.

 

Watch SHFE stocks and the Yangshan premium as real-time gauges. Rising Yangshan premiums mean Chinese import demand is competing for the same metal you are trying to buy. Falling SHFE stocks mean the competition is intensifying.

 

C11000 Product Range and Typical Specifications

We supply C11000 across the full range of industrial forms. The table below summarizes standard specification ranges. Non-standard sizes, tempers, and tighter tolerances are available on request, and every shipment is accompanied by a mill test certificate confirming UNS designation, temper, conductivity, and chemistry.

 

Product form Standard sizes Temper range Applicable standards Common applications
Copper tubes OD 3–219 mm, wall 0.3–10 mm O60, H55, H80 ASTM B88, B280, B111; EN 1057, EN 12449 Plumbing, HVAC, refrigeration, general purpose
Copper plates & sheets Thickness 0.4–150 mm, width up to 3,000 mm O60, H00, H02, H04 ASTM B152, B187; EN 1652 Busbar, switchgear panels, heat spreaders
Copper bars & rods Diameter 3–400 mm (round, square, hex) O60, H02, H04 ASTM B49, B133, B301; EN 12163 Machined parts, electrical connectors, bushings
Copper wires & rods Diameter 0.05–12 mm Soft and hard drawn ASTM B1, B2, B3, B8; IEC 60228 Power cable, magnet wire, grounding conductors
Copper strips & foils Thickness 0.05–3.0 mm, width up to 620 mm O60, H00, H02, H04, H06 ASTM B36, B152; EN 1652 Connectors, terminals, battery tabs
Heat exchanger tubes OD 6–57 mm, wall 0.4–4.0 mm O60, H55 ASTM B111, B359, B543; EN 12451 Condensers, evaporators, cooling coils

 

Request a C11000 Quote

Send us your specification, quantity, and delivery destination. We will return a fully itemized C11000 quote with LME reference, regional premium, and conversion premium separated.

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