Copper Rod Prices In USA
- United States: 15,453 USD/MT (C 110-1inch)
The copper rod prices in the United States for Q4 2023 reached 15,453 USD/MT (C 110-1inch) in December.
The latest report by IMARC Group, titled “Copper Rod Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Copper Rod Prices. This report delves into the Price of Copper Rod globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price news, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Copper Rod demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Copper Rod Price News:
- South Korea: 9,850 USD/MT (20mm)
- Germany: 10,820/USD/MT (25mm)
Report Offering:
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The study delves into the factors affecting copper rod price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Copper Rod Price – Last Quarter
The Copper Rod market in Q2 2024 was propelled by many factors originating from various areas. The first price spikes in North America were caused by supply shortages resulting from production problems in important copper mining countries, especially in Latin America. In an effort to make up for shortages of concentrate, smelters also increased their purchases of copper scrap. A strong US currency and the Federal Reserve’s decision to postpone interest rate decreases are two examples of economic forces that push prices lower and counteract the initial supply-driven momentum.
Geopolitical tensions, worker strikes, and mining laws in Europe limited the supply of copper, which raised costs, particularly as demand increased for data centers, electric vehicles, and renewable energy. The copper rod market in Asia-Pacific was comparatively stable due to continuous production levels and strong industrial demand, especially in the infrastructure and automotive industries. The continuous energy shift and growing electrification are driving the solid global demand for copper, but regional variations in supply and economic variables also play a role in the market.
Copper Rod Prices Industry Analysis
Copper rod prices in North America saw large swings in Q2 2024 due to interruptions in the supply chain and unpredictability in the economy. Prices were originally driven upward by supply limitations from Latin American mines; but, higher inventory levels and more imports of copper scrap stabilized the market. Even while demand from the industrial sectors persisted, economic variables including the US dollar’s strength and the monetary policies of the Federal Reserve further led to a somewhat adverse trend in pricing.
Due to supply issues resulting from labor strikes in important mining locations and geopolitical concerns, the European market for copper rod suffered a sharp price surge in Q2 2024. Demand increased as electrification initiatives, such as the manufacturing of electric vehicles and the infrastructure for renewable energy sources, kept growing.
In the Asia-Pacific region, the Copper Rod market remained stable throughout Q2 2024, with balanced supply and demand dynamics. Consistent production levels supported a steady supply, while demand was driven by expanding sectors such as automotive and renewable energy. South Korea, in particular, saw stable prices throughout the quarter, with no significant fluctuations between the first and second halves. This equilibrium indicates that the market was well-managed, with local manufacturers effectively synchronizing supply and demand to maintain stability.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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