Copper Oxide Price Trend and Forecast

Copper Oxide Regional Price Overview

Get the latest insights on price movement and trend analysis of Copper Oxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Copper Oxide Price Trend for Q1 of 2024

Copper oxide prices exhibited slight variation throughout the said period of the first quarter of the year 2024. Regionally too, some differences were seen in the pricing outlooks of copper oxide. In the Asian markets, particularly India and China, the quarter began on a slightly weaker note.
 

Copper Oxide Price Chart

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The inventories were already bulked up from the beginning since the previous year concluded at high-ending stocks. Therefore, the early days of the discussed period were relatively gloomy for copper oxide suppliers. The prices were mostly found to be wavering at the lower end of the curve in the first half of the said quarter of 2024. Manufacturers restricted production or limited capacity utilizations, to manage the margins via upstream factors.

Steadily, as the available quantities were limited in the global markets and the inflation increased, copper oxide prices finally started to improve around the terminal phase of Q1’24. In the European markets, the dwindling pattern of downstream demands has already kept the markets challenged. The American markets were also not very different since the trade difficulties around the world, directly and indirectly, affected American trends. Thereby, a confined price trajectory was witnessed for copper oxide during the concerned span.

Analyst Insight

According to Procurement Resource, short-term market analysis suggests a continuation of similar trends in the copper oxide market going forward. With occasional ups and dips, the prices are likely to remain consolidated.

Procurement Resource provides latest prices of Copper Oxide. 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.