Copper Prices Climb for Sixth Consecutive Day Amid Falling Chinese Stocks and Rising Costs in Ukraine

Continuous Copper Price Surge: Current Cost per Kilogram

According to Radiotrek — Світ: As of September 22, 2026, copper prices continue to rise, driven primarily by shrinking inventories in China. Three-month futures on the London Metal Exchange increased by 0.6%, reaching $14,745 per ton, which translates to $14.75 per kilogram. Earlier this month, futures hit an all-time high of $14,858.50 per ton.

Cathode copper stocks in Shanghai dropped to 43,900 tons on September 22, 2026, marking their lowest level since 2023. This decline is fueling demand while restricting supply. According to an industry insider, "The upward trend is supported by the situation in the Chinese market. Copper inventories are shrinking, and much of the imported metal is sent directly to processors instead of being stored." This dynamic keeps short-term supplies tight.

Copper Pricing Trends in Ukraine

On September 22, 2026, the average copper purchase price in Ukraine stood at 575.75 UAH per kilogram, whereas the exchange price was higher at 670.58 UAH per kilogram. The nearly 95 UAH gap between purchase and market prices highlights active trading and the influence of global market movements on domestic pricing.

Rising copper prices are likely to impact several sectors, especially electronics and construction, which heavily rely on this metal. Given China’s status as a leading copper consumer, its reduced inventories suggest prices may continue climbing if demand stays robust and supply remains constrained. This situation underscores the interconnectedness between international market trends and Ukraine’s local economy, potentially affecting broader economic conditions.