Copper Sulfate Price Trend and Forecast

Copper Sulfate Regional Price Overview

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 Q1 of 2024

Product Category Region Price Time Period
Copper Sulfate Chemicals USA USD 2500/MT March 2024


Stay updated with the latest Copper Sulfate prices, historical data, and tailored regional analysis
 

Asia

Copper sulfate prices follow a direct relation with the price trajectory of the feedstock copper and its oxides. During the said period of the first quarter of the year 2024 the copper sulfate gave a fine performance at the regional price index.
 

Copper Sulfate Price Chart

Copper Sulfate Price Trends and Forecast

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Copper prices surged to an 11-month high following announcements by Chinese smelters to address a decline in processing fees, potentially including production cuts. This led to a significant increase in electronic trading activity on the London Metal Exchange, breaking a period of stagnant trading.

Concerns about demand, particularly amid China's real estate crisis and global interest rate hikes, continue to weigh on the copper outlook. Owing to this the copper sulfate prices were observed surging for the entire period of the first three months of the said year. Overall, very positive market sentiments were witnessed.

Europe

The situation of the European copper sulfate market was not much different than the Asian market. Price surges in the Chinese copper sulfate industry were reflected in the European markets as well. The supply chain hurdles that the region has been facing since the onset of the Russia and Ukraine war have been affecting the supply outlook for copper sulfate as well.

Though because of dull demands the beginning of the price trend was a little tepid, the graph rebounded quickly as the consumption started supporting the market dynamics. The electronic market also saw an inclination in the later months as the end user spending finally started seeing some rise after battling severe inflation the previous year. Overall, a good market performance was observed.

North America

The copper sulfate trends were influenced by the fluctuations in the global copper sulfate markets, as the prices saw swift variations here as well. After a little rocky ride in the first half of the said quarter, the prices finally started picking up with the rise in upstream manufacturing costs. Feedstock copper prices started to surge as the LME noticed a rising trade. With this, the American markets also saw a rise in copper sulfate prices during the latter phase of Q1'24.

Analyst Insight

According to Procurement Resource, given the current supply and demand dynamics, the market projections for Copper Sulfate look positive for the coming months. Prices are expected to continue rising going forward.
 

Copper Sulfate Price Trend for the Second Half of 2023

Asia

The high number of imports in the Asian countries created ripples in the copper sulfate price trend, and eventually, the traders had to adjust their pricing patterns in accordance with the demand and overall market scenario. Another cause of the downfall of copper sulfate prices in the third quarter of 2023 was the exponential rise in the level of inventories and the slowing down of construction activities amid challenging economic conditions.

The fourth quarter, however, struggled with the dip in feedstock prices and rising market volatility. The influx of cheaper imports, particularly in India, eventually resulted in the downfall of the copper sulfate price trend.

Europe

In European countries, the agrochemical and fertilizer sector faced the ill consequences of the shift in sowing season due to adverse weather conditions and abrupt rainfall patterns. The demand from the other downstream industries, such as construction, also remained bleak throughout the third and fourth quarters of 2023, exerting a negative influence on the copper sulfate price trend. The cost of major raw materials such as sulfuric acid also nosedived during the aforementioned time, and along with the contraction in the consumer spending budgets, the price trend of copper sulfate slid downwards.

North America

The end-user industries of copper sulfate exhibited a bearish trend throughout the third and fourth quarters of 2023, which was well reflected in the trajectory of the copper sulfate price trend. The rise in annual inflation rates and volatility in consumer procurement rates eventually led to the downward movement of the copper sulfate price trend. However, the decline in copper sulfate prices was not steep in the fourth quarter as the supply and demand sectors achieved an equilibrium. However, the fluctuations in the production costs prevented the growth of copper sulfate prices.

Analyst Insight

According to Procurement Resource, the price trend of Copper Sulfate is expected to be based on the performance of the downstream industries and the price trajectory of its feedstock materials.
 

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.
 

Copper Sulfate Price Trend for the Second Half of 2022

Asia

The prices of copper sulfate 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 sulfate 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 sulfate 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 sulfate prices in Europe.

North America

The copper sulfate price trend in the US replicated the international trend attributed to high supplies and low demands. Raw material costs, production costs and product requirements all stayed on the dipping side so the price trend also followed. Surplus uncalled products kept accumulating in inventories.

Analyst insight

According to Procurement Resource, the dip in copper sulfate prices seems almost like a universal trend which is very likely to remain so, attributed to the demand disruptions.
 

Copper II Sulfate Price Trend 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 trend of copper sulfate. During the first quarter, copper sulfate 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 trend declined during the second quarter owing to the renewed production after removing covid restrictions and muted market sentiment. The price of copper sulfate 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 sulfate 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 trend of copper sulfate 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.

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About Copper Sulfate

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.

Copper Sulfate Product Details

Report Features Details
Product Name Copper Sulfate
Chemical formula CuSO4
Industrial Uses Agriculture, Electroplating, Animal Feed Supplement, Water treatment, Printing and photography, Textile Industry
CAS Number 7758-98-7
Molecular weight 159.609 g/mol
HS Code 28332500
Synonyms Copper II Sulfate, Cupric Sulfate
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.

Copper Sulfate Production Processes

In this process, copper metal is treated with hot concentrated sulfuric acid to produce copper sulfate.

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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