Copper Sulfate Price Trend and Forecast
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.
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.
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 |
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.
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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