Allied Encyclopedia: COMEX vs. Camden Copper Pricing

Allied EncyclopediaCopper is a staple in the wire and cable industry. Its outstanding electrical conductivity and relatively affordable price make it one of the most common conductors in wire and cable construction.

And its popularity doesn’t end with bare copper alone. For applications requiring better conductivity, copper is usually still the main metal of choice, but with the addition of a coating – it can be tinned, nickel-plated, or silver-plated for improved electrical performance. With copper at the center of so many cables, we need to know what’s going on with it!

The wire and cable industry primarily refers to two different indexes for copper pricing, the COMEX Copper Index and Omega-Camden Copper Index.

The COMEX (Commodities Exchange) is a well-known division of the New York Mercantile Exchange (NYMEX), and focuses on the trade of metals such as gold, silver and high-grade copper. COMEX is updated on a daily basis and can also predict future commodity prices. This index gives us the “rod” price, which is globally traded larger diameter copper produced by mines.

The Omega-Camden Copper Index is supplied by the International Wire Group, a manufacturer of a wide range of copper wire. This index prices copper not in its raw form, but after it’s been drawn down to size. During the drawing process, the rod copper is pulled through a series of dies, which stretch the copper out into a longer, thinner strand. In the end, the strands are bunched together to form a single stranded conductor. The Camden-Omega index is only updated twice a month.

COMEX copper pricing will always be lower than the Camden Index because it is based only on the cost of the source copper. Because the Camden Copper Index includes processing costs, it’s usually about 15 to 20 cents per pound higher than COMEX.

Although the Camden and COMEX indexes are different, both are reputable and reliable sources for copper pricing.

Stay up to date on Omega-Camden copper prices on Allied’s website. Find the most recent COMEX pricing in our newsletters. Subscribe here to have them sent straight to your inbox each month.

About awcwire
Allied Wire & Cable is a value-added manufacturer and distributor of electrical wire and cable, tubing, and more. We are a family owned and operated company, serving a wide range of industries, including the military, automotive, aerospace, and telecommunications markets. Allied is headquartered in Collegeville, PA. Additional locations can be found across the US, in Merrimack, NH, Tampa, FL, Pewaukee, WI, and Las Vegas, NV. For more information on Allied, visit our main website at www.awcwire.com.

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