Copper Rod Prices December 2023
Product
|
Category |
Region |
Price |
Copper Rod |
Metal & Metalloids |
USA |
15,453 USD/MT (C 110-1inch) |
Copper Rod |
Metal & Metalloids |
South Korea |
9,850 USD/MT (20mm) |
Copper Rod |
Metal & Metalloids |
Germany |
10,820/USD/MT (25mm) |
In the USA, the market's preference for safe-haven assets remained eminent due to continuing concerns about banking industry risks. Downstream businesses had taken a wait-and-see approach in the wall of high copper prices. The quarter’s performance showcased a feeble correlation between market trends, pricing adjustments and seasonality. The final quarter for copper rod in USA stood at 15,453 USD/MT.
In the first quarter of 2023, copper rod prices in the South Korea market augmented due to a surge in copper futures and constrained global copper stocks. South Koreas experienced a remarkable percentage change of 2% year-on-year, reflecting the adaptability of the market amid evolving conditions. Furthermore, the pricing for copper rod in the south Korea settled at 9,850 USD/MT (20mm), displaying the market's persistence.
Copper rod prices in the German market saw an intriguing landscape marked by pivotal factors shaping market dynamics. Germany concluded the quarter at 10,820/USD/MT (25mm) owing to the market demand moderation, geopolitical nuances and strategic supply chain adaptability.
Copper Rod Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Copper Rod Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of copper rod pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing copper rod price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Copper Rod Market Analysis
The global copper rod market size reached 2.2 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 3.3 Million Tons, at a projected CAGR of 4.60% during 2023-2032.
- The growing demand for copper rods in end-use industries such as construction, electronics, automotive, since they are widely utilized in electrical wiring, plumbing, and other applications.
- Additionally, the rapid pace of urbanization and industrialization in developing countries like China and India fuels market growth as the countries use copper rods for infrastructure construction and manufacturing purposes.
- The advancement of new technologies such as high-performance copper alloys is another factor contributing to the growth of the market as they bolster the available product’s efficiency and durability.
- In addition, as the shift towards renewable energy sources like solar and wind energy sources gains traction, increased investments in electrical grid infrastructure are expected to drive up the consumption of copper rods in power transmission and distribution systems.
- The push towards full electric vehicle (EV) adoption will also push growth as copper rods as they are used in the production of EV components like motors, as well as EV charging infrastructure.
- Similarly, the favorable government policies that promote investment in infrastructure development and renewable energy projects around the world are expected to grow the market as well.
- The widespread product adoption owing to the increasing focus on eco-friendly sustainable practices as copper rods can be recycled and are highly conductive.
- Geopolitical factors such as trade strains and mining legislation can have a material impact on the global copper rod market that disproportionally impacts end products’ prices and supply chains.
- Fluctuations in copper prices and exchange rates can also create challenges for market participants by impacting margins and investment decisions.
- The COVID-19 pandemic has had both long-term and short-term effects on the end-user industries and thus the copper rod market.
- Advances in core manufacturing technologies such as the continuous casting and extrusion method are resulting in more efficient processes contributing to market growth.
- The key market players are collaborating through mergers and acquisitions and ventures to increase their field of play, creating market expansion.
- Furthermore, threading areas such as using more research and development activities to spur innovation and improve product performance are expected to drive market growth in the coming years.
Copper Rod News
The report covers the latest developments, updates, and trends impacting the global copper rod market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in copper rod production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
Latest developments in the copper rod industry:
- In 2023, Aurubis announced its plans to invest €250 million in its Pirdop, Bulgaria facility to expand its copper rod production capacity. This investment aims to meet the growing demand for copper rods in various industries, including construction, electronics, and automotive.
- In 2023, Anglo American and Jiangxi Copper Company, one of China’s largest copper producers, have signed a memorandum of understanding (MOU) to work together to provide greater assurance on the way copper is mined, processed, and brought to market.
Product Description
Copper rods are essential components in various industries due to their exceptional conductivity and corrosion resistance properties. They are made from high-quality copper materials, and are meticulously crafted to meet stringent industry standards, ensuring reliability and durability in diverse applications. Copper rods offer unparalleled performance, facilitating efficient energy transmission and fluid conduction and are widely used in electrical wiring, plumbing systems, or manufacturing processes. Their versatility extends to renewable energy projects, where they play a crucial role in power transmission lines and renewable energy infrastructure.
Moreover, copper rods find extensive use in the automotive sector, particularly in electric vehicle (EV) components and charging infrastructure, contributing to the transition towards sustainable mobility. With a focus on sustainability, these rods are also highly recyclable, aligning with eco-friendly practices and circular economy principles. Engineered for excellence, copper rods deliver exceptional conductivity, durability, and versatility, making them indispensable solutions for modern industries seeking reliable and efficient materials for their applications.
Regional Coverage
The report provides a detailed analysis of the copper rod market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.
Global Copper Rod Price
The report offers a holistic view of the global copper rod pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Copper Rod Price
Copper rod prices in the German market saw an intriguing landscape due to a combination of factors, including movement in the US dollar, China's zero-covid policies, persistent supply-side issues, and an uncertain macroeconomic outlook amid rising inflation and central bank interest rates. The supply outlook remained bleak, as current low prices were insufficient to spur investment in new manufacturing. Buyers claimed that if LME restricted Russian-produced metal, then Copper Rod prices would skyrocket in the global market.
This analysis can be extended to include detailed copper rod price information for a comprehensive list of countries.
Region |
Countries Covered |
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, among other European countries. |
North America Copper Rod Price
The copper rod market in North America showcased a feeble correlation between market trends, pricing adjustments and seasonality. The major reasons shaping the market dynamics included geopolitical nuances, supply chain management and market demand resilience.
Specific data on copper rod prices within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Copper Rod Price
The report explores the copper rod pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on copper rod prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Copper Rod Price
The pricing environment for APAC Copper Rods in Q4 2023 saw complex dynamics shaping market conditions, with South Korea playing a central role. The country navigated notable price shifts driven by increased demand, geopolitical changes, and intricate supply chain dynamics. These fluctuations were primarily influenced by disruptions in the supply chain, growing demand pressures, and geopolitical uncertainties.
This analysis can be further extended to include detailed copper rod prices for a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Copper Rod Price
The analysis of copper rod prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Copper Rod |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of copper rod pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting copper rod price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the copper rod industry.