Product
Copper Rod Price Trend and Forecast
Copper Rod Price Trend and Forecast
Regional Price Trend
Get the latest insights on price movement and trend analysis of Copper Rod in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Copper Rod Price Trend for the First Half of 2023
Asia
The price trend of copper rods saw positive growth as the availability of the product in the market remained constrained. The demand from the downstream industries and rising processing sectors supported the growth of the copper rods market and, in turn, its price trend in the first quarter. In the second quarter also, the falling levels of inventories and lower production rates widened the gap between supply and demand equilibria that helped the price trend of copper rods to rise in the Asia Pacific market.
Europe
In Europe, the price trend of copper rods witnessed a surge in the first quarter as the market was backed by rising demand from downstream industries and delays in shipments. The second quarter, however, was stagnant due to the improvement of the US dollar with respect to the Euro. The consumption rates and demand only supported the prices of copper rods in the first half of the second quarter as soon as the trend started to tumble. The struggling European economy and recession-like phase in German markets caused the demand for copper rods to take slump, which eventually had a negative effect on its price trend.
North America
The slow production rates in the first quarter of 2023 deteriorated the inventories and led to the price of copper rods surging. The demand from several industries and high inflation and interest rates had initially had a positive influence on the copper rods market. In the second quarter, the financial conditions of the North American market struggled due to the steep fall in the banking sector that put a pause on the rising trajectory of the copper rods price trend.
Analyst Insight
According to Procurement Resource, the price trend of Copper Rods is estimated to depict an oscillating trend as the high demand for copper rods is countered by the rising inflation rates and global economic backlash.
Procurement Resource provides latest prices of Copper Rod. 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
When molten copper metal is drawn into solid cylindrical pipes, then it forms copper rods. These rods have outstanding thermal and electrical conductivities. These rods come in various diameters and lengths and are utilized across industries for their versatile applications. From serving as electrical conductors and components in power transmission, electronics, and manufacturing machinery to being integral components in heat exchangers, plumbing systems, and artistic creations, copper rods play a pivotal role due to their conductivity, malleability, and resistance to corrosion.
Product Details
| Report Features | Details |
| Product Name | Copper Rod |
| Industrial Uses | Electrical conductors, Renewable energy, Aerospace applications, Electronics, Telecommunications, Automotive radiators, Heat exchangers |
| HS Code | 74071020 |
| Supplier Database | Bajoria Group, SUMITOMO ELECTRIC, AURUBIS, Liljedahl Group, TDT Copper, Kobay Metal, 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
The cautious melting of copper in a cathode shaft furnace and then subsequent transfer of the molten materials through channels into casting machine. In this procedure, the copper in molten state is casted into rods of required thickness.
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).
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