Copper Sulfate Price Trend and Forecast

Regional Price Trend

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

Copper Sulfate Price Trend 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 trend 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 trend of copper sulfate in the negative direction.

Analyst Insight

According to Procurement Resource, the price trend of Copper Sulfate is expected to decline in the upcoming months as the downstream industries are estimated to perform weakly.

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.