Copper Sulphate Pricing Report

Copper Sulphate Prices December 2023

The copper sulphate market in India exhibited stability after final quarter of 2023, attributed to sustained demand and favorable feedstock costs. This stability bolstered market conditions, leading to a steady assessment of copper sulphate prices at 2543 USD/MT Ex-Mumbai. The consistent demand for copper sulphate, driven by its diverse applications across industries such as agriculture, pharmaceuticals, and electronics, played a pivotal role in maintaining market equilibrium. Moreover, the feedstock cost was still the major element to consider for the price, finally leading to the steady trading range of the market. As a result, stakeholders within the Copper Sulphate industry in India benefited from a conducive operating environment, fostering confidence and resilience in the market landscape. This illustrates that the market has the capacity to remain stabilized even in the face of external factors and reconfirms what is implied in the statement: demand and cost efficiencies. Things like this shape price dynamics.

Copper Sulphate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled Copper Sulphate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of copper sulphate 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 sulphate 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 Sulphate Market Analysis

The global copper sulphate market size reached 432.6 Kilo Tons in 2023. By 2032, IMARC Group expects the market to reach 524.4 Kilo Tons by 2032, at a projected CAGR of 2.10% during 2023-2032.

• Copper sulphate, being very diverse in its use and is most demanded commodity across industries such as agriculture, mining and chemical production. This is of great significance in agriculture, as it plays a major role in controlling fungal diseases, weeds, and insect pest, which helps farmers protect their crop from attack and achieve high yields. Moreover, copper sulphate in mining industry is used to recover valuable metal for e.g. in the ore flotation processes. Apart from this, in manufacturing industry as well a chemical catalyst, pigments and electroplating products are involved in many processes.  As per survey conducted by the United States Geological Survey on copper consumption in 2021, the United States reportedly used over 500,000 metric tons of it in manufacturing processes in the past year, showing the extensive requirements for materials such as copper sulphate across industries.
• Copper sulphate is an indispensable fungicide, herbicide, pesticide in the modern agricultural practice. It is useful in crop protection due to the control of fungal diseases, weed invasion, and pests that result in the increased production capacity and crop quality. Population growth and food demand are still two main factors that keep copper sulphate consumption high in agriculture sector.  As per the Food and Agriculture Organization (FAO), the entity responsible of public guidelines at the global agricultural production, the global agricultural production has shown significant increase with a growth rate of around 1% per annum. Farmers all over the world have done well especially through the use of agrochemicals like copper sulphate which could be pesticides and are proven to be a long term solution for growing crops and combating hunger.
• Copper sulphate finds extensive applications in construction for wood preservation, electroplating, and concrete treatment. The construction industry has seen a rise in infrastructure projects since 2022, owing to the government support and investments. As stated by the World Bank, global infrastructure investment requirements are predicted to be $3.7 trillion annually until 2035. This emphasis on infrastructure development is driving up demand for construction materials like copper sulphate.

Copper Sulphate News

The report covers the latest developments, updates, and trends impacting the global copper sulphate 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 sulphate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the copper sulphate industry:

• In January 2023, Sumitomo Metal Mining Co Ltd (SMM) announced its plans to increase copper output from 230,000 tonnes to 270,000 tonnes by March 2025. The company credits this growth to its ownership of the Quebrada Blanca 2 copper project. By utilizing the resources and capabilities of this project, SMM is looking to expand its production capacity and meet the rising demand for copper. The Quebrada Blanca 2 project is set to play a crucial role in SMM's strategic expansion, solidifying its position as a major player in the global copper market.
• In April 2024, ProChem Inc. announced its plans to extend its operations in Rockford, Illinois with the construction of a new building. This growth aims to increase its ability to offer adaptable manufacturing solutions and welcome more investments to improve its manufacturing output. The additional space will allow them to keep up with rising demands while upholding their promise to deliver premium products and services to their loyal customers. This move showcases ProChem Inc.'s ongoing commitment to innovation, effectiveness, and top-notch performance in the chemical manufacturing sector.

Product Description

Copper sulfate, also known as cupric sulfate or copper (II) sulfate, is a versatile chemical compound used in various industries. It is commonly seen as bright blue crystals or a powder that dissolves in water, especially at higher temperatures. In agriculture, it acts as a fungicide, herbicide, and pesticide to protect crops from diseases, weeds, and pests. The mining industry relies on copper sulfate for ore flotation to extract valuable minerals. Moreover, it is used in chemical production as a starting material for other copper compounds and in electroplating. Copper sulfate is commonly used in wood preservation to prevent rot and decay. Despite its many advantages in different sectors, it is crucial to handle this substance carefully because it can be toxic if consumed in large quantities.

Regional Coverage

The report provides a detailed analysis of the copper sulphate 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 Sulphate Price

The report offers a holistic view of the global copper sulphate 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 Sulphate Price

In Europe, the consumption of copper sulphate remains stable due to its wide range of uses in farming, water purification, and various industries. Even though the volume of output may slightly change depending on ongoing projects in construction, the production of machine in Europe, in general, is large enough to cover the demand of the world market. This further smooths the global supply process and prevents significant jumps in the cost which might be triggered by shortages. However, regional transportation challenges or unexpected production stoppages could temporarily disrupt supply chains and affect prices. The distance of copper metal price, a major component in Copper Sulphate manufacturing, has generate the cost of production. Despite this, the prices of copper sulphate have continued to rise throughout the quarter due to increasing demand.

This analysis can be extended to include detailed copper sulphate price information for a comprehensive list of countries.

North America Copper Sulphate Price

Copper sulphate maintains steady demand in North America, driven by its diverse applications in agriculture, water treatment, and various industries. While sectors like construction and infrastructure may see fluctuations due to project schedules and economic factors, the overall need for copper sulphate remains stable. Agricultural uses play a key role in sustaining demand, along with ongoing water treatment requirements and industrial applications. The rising demand for copper sulphate in North America demonstrates its significance in multiple industries and underscores its ongoing importance in the regional economy.

Specific data on copper sulphateprices within the United States and Canada can also be provided.

Middle East and Africa Copper Sulphate Price

The report explores the copper sulphate 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 sulphateprices for countries can also be provided.

Asia Pacific Copper Sulphate Price

The copper sulphate pricing in the Asia Pacific region experienced mixed sentiments. Over the last six months, there has been a surge in manufacturing activities, resulting in a buildup of copper sulphate stocks. This has prompted manufacturers to re-evaluate their pricing strategies to increase shipments. However, demand from sectors such as construction and agrochemicals has been lackluster, causing manufacturers to maintain optimal inventory levels. The Ministry of Chemicals and Fertilizers has reported a significant fertilizer stockpile of over 150 lakh tonnes, ensuring that agricultural needs are being met across the country. These various factors are playing a role in shaping the current market conditions for copper sulphate in India.

This analysis can be further extended to include detailed copper sulphate prices for a comprehensive list of countries within the region.

Latin America Copper Sulphate Price

The analysis of copper sulphate 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.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of copper sulphate 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 sulphate 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 sulphate industry.