Product
Copper Plate Price Trend and Forecast
Copper Plate Price Trend and Forecast
Regional Price Trend
Get the latest insights on price movement and trend analysis of Copper Plate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Copper Plate Price Trend for the First Half of 2023
Asia
In the Asia-Pacific region, the surge in the number of orders, limited availability of the product, and high consumption of the consumers supported the surge in the price trend of copper plate in the first and second quarters of 2023.
The inclination in the copper plate prices was also a direct consequence of the low level of inventories, sustained equilibrium of supply and demand, and newly adopted government policies. A slight fluctuation was caused by the influx of cheap imports in the region, but this obstacle was overcome by the decreasing level of inventories, and as a result, the price trend of copper plate soared upwards in the first and second quarters of 2023.
Europe
As witnessed in the Asia-Pacific region, the price trend of copper plate surged in the first quarter in Europe. The trend in this region was supported by the low level of inventories, high cost of raw materials, and restricted supply of raw materials from the Russian industries. In addition to this, the uncertain demand and volatility in the demand for copper plate positively influenced the price trend of copper plate.
In the second quarter, the prices of copper plate stabilized due to the strengthening of the Euro over the US dollar and a striking balance between the supply and demand of the product. The mills employing copper plates increased their consumption rates, which further supported the prices of copper plate. But the shadows of recession and, in turn, low confidence of buyers kept the price trend of copper plate in check.
North America
The downstream construction and machinery industries supported the price trend of copper plates in the first quarter of 2023. But soon, the fluctuating economic conditions caught up with the rising momentum of the copper plate market and eventually caused the prices to stabilize in the second quarter. The North American market faced serious economic crises that lowered the confidence of buyers in this sector and, thus, negatively impacted the prices of copper plate.
Analyst Insight
According to Procurement Resource, the price trend of the Copper Plate is estimated to showcase a mixed trend. The prices of copper plate will be decided by the uncertain demand from the end-sector industries and global economic conditions.
Procurement Resource provides latest prices of Copper Plate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Copper plates are flat sheets of copper that possess high electrical conductivity, corrosion resistance, and malleability. They are extensively used in electrical wirings, electronics, construction, and automotive sectors. copper plates play roles in applications such as roofing, heat exchangers, machinery parts, and artistic creations. Their properties make them valuable in industries requiring efficient heat transfer, reliable electrical conduction, and durable materials.
Product Details
| Report Features | Details |
| Product Name | Copper Plate |
| Industrial Uses | Jewelry and ornaments, Telecommunications, Coin minting, Medical equipment, Renewable energy |
| HS Code | 74091100 |
| Supplier Database | NBM Metals, GB Holdings, Furukawa Electric, CNMC, CHALCO, Valjaonica Bakra Sevojno, Jiangxi Copper, Mitsubishi Materials |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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 Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
In this process, pure copper is first subjected to high temperatures for melting in a flash furnace. The subsequent step is to refine it and cast it into the required shapes and sizes.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Table Of Contents
Assistance from Experts
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Client's Satisfaction
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Assured Quality
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.