Copper Sulfate Price Trends and Forecast

Regional Price Overview

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

Asia

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.

Europe

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.

North America

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.

Analyst Insight

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

Asia

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.

Europe

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.

North America

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.

Analyst Insight

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

Asia

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.

Europe

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.

North America

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.

Analyst insight

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

Asia

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.

Europe

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.

North America

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.