Product
Copper Nitrate Price Trend and Forecast
Copper Nitrate Price Trend and Forecast
Copper Nitrate Regional Price Overview
Get the latest insights on price movement and trend analysis of Copper Nitrate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Copper Nitrate Price Trend for Q1 of 2024
Copper nitrate is industrially produced using copper and nitric acid; thereby, the price trend for copper nitrate is largely dependent on the market behavior of its feedstock materials, copper and nitric acid. During the first quarter of the year 2024, copper nitrate prices were found to be observing an inclined trajectory, particularly in the Asian markets.
Copper Nitrate Price Chart
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Copper nitrate is commonly used in the chemical industries as a catalyst, and the paint and coating industries also employ copper nitrate as an anti-fouling agent among other industrial sectors. As a result, the consumption patterns from these sectors also influence the market performance of copper nitrate. During the considered time frame, such industrial procurement saw slight downswings.
Globally, the geopolitical disturbances and economic uncertainties affected the industrial outputs and overall activities for the said quarter. Thereby, the copper nitrate market seemed miffed for most of the said duration. Supported by the upstream dynamics and countered by the downstream situations.
Analyst Insight
According to Procurement Resource, Copper Nitrate market prices are likely to remain on a fluctuating trajectory in the coming months. Not much divergence is anticipated from the current trends.
Procurement Resource provides latest prices of Copper Nitrate. 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.
About Copper Nitrate
Copper sulfate, a chemical compound with the formula CuSO4, is a versatile substance with various industrial and agricultural applications. In agriculture, it serves as a fungicide and herbicide, combating fungal diseases in crops and controlling weed growth. Its role in mining involves ore flotation, where it aids in separating valuable minerals from gangue. Additionally, it finds use in animal feed supplements to prevent copper deficiency. Industrially, copper sulfate is employed in electroplating processes, printing and dyeing industries, wood preservation treatments, and pharmaceutical manufacturing. Its diverse applications highlight its significance in numerous sectors.
Copper Nitrate Product Details
| Report Features | Details |
| Product Name | Copper Nitrate |
| Chemical Formula | Cu(NO3)2 · xH2O |
| Industrial Uses | Agriculture (as a fungicide and herbicide), Mining (for ore flotation), Animal feed supplements, Electroplating, Printing and dyeing, Wood preservation, Pharmaceutical manufacturing |
| Molecular Weight | 187.56 g/mol (anhydrous basis) |
| CAS number | 13778-31-9 |
| HS Code | 2834 |
| Supplier Database | MINS Group, Zhuzhou Jinyuan Chemical Industry, Shepherd Chemical Company, J. N. Chemical, Triveni Chemicals, Taiyuan Xinjida Chemical |
| 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 Nitrate Production Process
- Copper Nitrate Production by the chemical reaction of copper metal with concentrated nitric acid.
The chemical reaction of copper metal along with concentrated nitric acid results in the production of copper nitrate along with nitrogen dioxide and water. The mixture is then processed and undergoes evaporation to eliminate the water and concentrate the copper nitrate solution. It is then cooled and crystallized to obtain copper nitrate as the final product.
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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