Get the latest insights on price movement and trends analysis of Copper Sulfate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Copper Sulfate Price Trends for the July-September of 2023
The Asian copper sulfate market registered underwhelming prices during the third quarter of the year 2023. The high copper sulfate demand in previous quarters prompted suppliers to order aggressively as a result, copper sulfate inventories got stacked with oversupplied stockpiles.
These excess stocks were the primary reason the price trends kept downward tilting throughout the said period. The market queries from downstream industries, particularly electronics and construction industries, didn’t respond positively after a certain point. So, the gap between supply and demand outlooks widened over the discussed period of time.
The agriculture sector was struggling anyway because of weather and climatic uncertainties. The high fertilizer and insecticide stocks amidst diminished demands from the farming sectors inflicted bearish market sentiments for copper sulfate. Because of all these situations, the suppliers were almost forced to discount the copper sulfate prices in order to promote commodity trade. Overall, dull market trends were observed.
The European market trends for copper sulfate didn’t differ much from the Asian market trends. High inventory levels in the face of dull downstream demands forced the copper sulfate price graph southwards. Cheap Asian imports also kept the upstream cost support low. Overall, bearish market sentiments were experienced for copper sulfate.
Following the global copper sulfate price patterns, the price analysis was downward skewed for the American region as well. The price index regularly recorded disappointing rates for copper sulfate throughout the period under discussion.
The copper sulfate consuming industries were struggling in the US market because of the difficult economic situation in the region. Overall, dull demands kept the market sentiments poor in the American Copper Sulfate market.
According to Procurement Resource, the price trends for Copper Sulfate are likely to fluctuate in the coming months, given the current demand patterns amidst gloomy global economic and inflationary outlook.
Copper Sulfate Price Trends for the First Half of 2023
The Asia-Pacific countries witnessed an upward trajectory in the prices of copper sulfate in the first quarter of 2023 as the demand and performance of downstream industries improved consistently.
The rates of production also returned to their normal levels after a long period of stagnancy with the help of rising interest from customers. However, in the second quarter, the market took a bearish turn with the rising level of inventories and reduced rates of procurement from the downstream industries. In the middle of the second quarter, the prices again gained momentum and surged with a rise in the number of inquiries.
In the first quarter, the European countries faced rising rates of inflation and poor demand from the end-user sectors. To keep the economy afloat, several banks adopted strict monetary policies to keep the market conditions afloat, which further hampered the growth of the copper sulfate market.
The fall in the prices continued in the second quarter, too, as in addition to the persistent challenges, low cost of energy production, insufficient demand, reduced manufacturing capacities, and poor performance of the agrochemical industries limited the purchasing potential of buyers, and thus, the price trends of copper sulfate faced southwards.
The North American market of copper sulfate fluctuated in the first quarter of 2023 due to mixed demand sentiments, low-cost support from the upstream industries, and the high pressure of inflation and labor crisis in the region.
The second quarter was further affected by the rising banking crises, lower rates of offtakes, and weak performance of downstream agrochemical industries. In addition to this, the freight charges and cost of input energy declined significantly, thus pushing the price trends of copper sulfate in the negative direction.
According to Procurement Resource, the price trends of Copper Sulfate is expected to decline in the upcoming months as the downstream industries are estimated to perform weakly.
Copper Sulphate Price Trends for the Second Half of 2022
The prices of copper sulphate showed an overall downward trend with fluctuations in a very narrow spectrum during the second half of 2022. Sufficient supply but lesser demand contributed to the price trend of copper sulphate as enough fertilizers had been secured for the agricultural season. A little ease in crude oil prices after a long time also reduced the downstream production costs, thus the overall downward trend.
The price trend of copper sulphate in the European market remained bottom facing. Initially because of supply chain disruptions caused by the Russia - Ukraine war the manufacturing costs skyrocketed. And when the production costs returned to normal, the supply didn’t support. Low farming activities and overall low demand in the market resulted in plummeting copper sulphate prices in Europe.
The copper sulphate price trends in the US replicated the international trends attributed to high supplies and low demands. Raw material costs, production costs and product requirements all stayed on the dipping side so the price trends also followed. Surplus uncalled products kept accumulating in inventories.
According to Procurement Resource, the dip in copper sulphate prices seems almost like a universal trend which is very likely to remain so, attributed to the demand disruptions.
Copper II Sulphate Price Trends For the First Half of 2022
The outbreak of covid-19 disrupted the logistics and transportation across China, which resulted in the delay in shipments. These delays caused the feedstock prices to inflate, thereby affecting the price trends of copper sulphate. During the first quarter, copper sulphate prices soared owing to the strong demand from the downstream fertilizers industries.
The buyers began to hoard the product to prepare for the peak fertilizer demand season. However, the price trends declined during the second quarter owing to the renewed production after removing covid restrictions and muted market sentiment. The price of copper sulphate averaged 18800 RMB/MT in the Chinese domestic market.
The Russian invasion of Ukraine, which started during the last week of February, unleashed an economic backlash in the European region. The prices of fertilizers and important feedstocks witnessed an unprecedented rise. The price of copper sulphate surged during the first quarter due to the raised prices of feedstock copper and sulphuric acid.
However, the prices stabilized during the second quarter as the upstream costs relaxed and the market demand dwindled due to double-digit inflation. In the London Metal Exchange, the prices of feedstock copper went from 10,247 USD/MT in April to around 8245/MT in June 2022.
The price trends of copper sulphate recorded an oscillating movement in the US domestic market during the first half of the said year. The prices surged in the first quarter owing to the raised feedstock prices and robust demand, whereas the prices declined during the second quarter due to the looming speculations of a global recession.
Procurement Resource provides latest prices of Copper Sulfate. 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.
Copper sulfate has a crystalline blue appearance with high solubility in water. It is widely used in agriculture industries as a fungicide and algaecide, as a preservative in wood industry and as a reagent in chemical manufacturing and analytical chemistry. It also finds applications in water treatment, textiles, and animal feed supplements, among other diverse applications.
|Product Name||Copper Sulfate|
|Industrial Uses||Agriculture, Electroplating, Animal Feed Supplement, Water treatment, Printing and photography, Textile Industry|
|Molecular weight||159.609 g/mol|
|Synonyms||Copper II Sulphate, Cupric Sulphate|
|Supplier Database||Allan Chemical Corporation, ATOTECH, NOAH Technologies Corporation and WEGO Chemical & Mineral Corp, Norkem NORDFEED, TODINI AND CO. S.P.A., Indian Platinum Private Limited, ARIHANT CHEMICAL INDUSTRIES, KGHM|
|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.
In this process, copper metal is treated with hot concentrated sulfuric acid to produce copper sulphate.
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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