Copper Scrap Price Trend and Forecast

Copper Scrap Regional Price Overview

Get the latest insights on price movement and trend analysis of Copper Scrap in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

 

Copper Scrap  Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Copper Scrap Energy, Metals and Minerals Europe 6892 USD/MT March 2024


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Copper Scrap Price Trend for Second Half of 2023

In the third quarter of 2023, despite low demand from European plants, scrap prices in Germany rose due to increased exports to Asia, particularly India and Pakistan. European steel mills continued to purchase minimal scrap volumes with no signs of improvement in their demand dynamics, attributed to crises in construction, automotive, and machine-building industries leading to high finished product stocks and decreased demand for rebar.
 

Copper Scrap Price Chart

Copper Scrap Price Trends and Forecast

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Despite expectations of sustained export demand supporting prices amid limited raw material availability, German, and European steel mills, notably in Italy, registered unstable October procurement rates amid changing preferences of the consumers and dim outlook of the downstream industries. The fourth quarter, thus, failed to carry forward the momentum from the previous quarters as the worldwide trade challenges intensified due to the disruption of the Red Sea route.

Overall, the global scrap market in early September witnessed instability, with slight increases in Turkey amid higher freight rates and US anticipated price drops alongside Chinese market declines due to increased supply from overseas players.

Analyst Insight

According to Procurement Resource, the price trend of Copper Scrap is estimated to showcase some recovery in the upcoming quarters as the demand and availability of raw materials are expected to remain scarce in the global markets.
 

Copper Scrap Price Trend for the First Half of 2023

In the first quarter of 2023, the prices of copper scrap in the US were under the pressure of high rates of inflation and recession-like market conditions that hampered its growth. The effect of the failure of major US banks was not only limited to the North American region as even in China, the production activities slowed down due to weak movement of the economy. The tight supply of copper further affected the market sentiments of copper scrap negatively.

The demand sector, however, showed positive sentiments as the demand from the renewable energy sector and electric vehicles industries surged during the first quarter. The global shift towards green sources of energy proved to be beneficial for the markets of solar panels, wind energy systems, etc., all of which employ copper products heavily, thus supporting the market activities of copper scrap.

However, in the second quarter, Chinese manufacturing activities contracted, especially in April, due to the fall in the number of new orders. The poor domestic demand for copper scrap, slowing down of market momentum, and decline in consumption rates of consumers pushed the price trend of copper scrap towards the south.

Analyst Insight

According to Procurement Resource, the price of Copper Scrap is expected to showcase an oscillating trajectory due to the uncertainties in the trading activities and demand from the downstream industries.

Procurement Resource provides latest prices of Copper Scrap. 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.

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About Copper Scrap

Copper scrap refers to recycled copper-containing materials and products that are no longer needed for their original purpose or have reached the end of their useful life. It encompasses a wide range of copper-based items, including old electrical wires, plumbing pipes, construction materials, industrial machinery components, and various consumer goods. Copper scrap is collected and processed through recycling facilities to recover the copper content, which can then be melted down and reused in various industrial applications.

Copper Scrap Product Details

Report Features Details
Product Name Copper Scrap
Industrial Uses Healing and cooling systems, Coins and currency, Transportation, Electrical and electronics, Construction, Transportation
HS Code 7404
Supplier Database LKM Recycling, OmniSource, Commercial Metals Company, SA Recycling LLC, Umicore N.V. LLC, Pacific Metal Pty Ltd, Schnitzer Steel Industries Inc
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.

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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