Copper Plate Price Trend and Forecast

Regional Price Overview

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

Copper Plate Price Trend for the Q1 of 2024

Asia

The Asian market was quite volatile during the given period for the copper plate industry. The start was a little slow as the demand curve was subdued in the beginning. The downstream sectors, especially the electronic industry was fuelling up for an improved performance.

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During the first half of the quarter, the prices were a little confined but then started surging after February in the Indian markets. In the Chinese market, however, the performance was a positive one throughout the said period. Overall, positive market sentiments were witnessed.

Europe

Copper plate’s performance in the European market was mixed as the prices here varied for the entire duration. The region’s trade dynamics were impacted greatly because of the various growing geopolitical uncertainties around the world. The supply and demand equation was still more balanced in the beginning; however, the later months saw the demand rising, which positively pushed the price trend in a positive direction. The consumption capacity was also affected because of the curtailed purchasing power of the downstream consumers. Overall, mixed market sentiments were witnessed as the months progressed.

North America

In the American copper plate markets the prices followed the same suit as its Asian and European counterparts. Prices inclined after a slow and subtle beginning of the new year. Two open war fronts in the Middle East and Europe have been affecting the American markets quite a lot.

The automobile, electronics, and other industries have been flourishing during this time which propelled the market demands for copper plates to new heights. The supplies, though consistent, were not able to suffice the rising demands and pushed the copper plate market in a positive direction. Thus, an optimistic market outlook was witnessed for the copper plate market during the said period.

Analyst insight

According to Procurement Resource, the Copper Plate prices are expected to continue to grow in the coming months. Market demands are expected to grow further as the electronic industry grows.

Copper Plate Price Trend for October-December of 2023

Asia

The Asia Pacific copper plate price trend particularly remained under pressure during the fourth quarter of 2023. The spot prices for the Chinese market started the fourth quarter with around USD 9,336 in October and ended with USD 9,700. The fourth quarter essentially witnessed wavering trend from low-to-high throughout. China’s real estate turmoil, especially the warnings from Country Garden Holdings Limited regarding debt repayment, had a dampening effect on the construction sector, which is a significant consumer of copper.

Despite this, the Chinese government's stimulus measures and the arrival of a large amount of imported copper led to a temporary shift in the market with holders eager to sell, causing oversupply issues. The downstream demand was resilient, with some industries stockpiling at low prices, yet high premiums suppressed the operating rates of enterprises.

The copper prices fluctuated, reflecting the tension between the easing of overseas inventory accumulation and the weak downstream demand. The market outlook remained cautious, with expectations of continued volatility in copper prices due to the weak supply and demand situation and the strong wait-and-see attitude among downstream traders.

Europe

In the European region during the fourth quarter of 2023, copper plate price trend exhibited a volatile trend, influenced by macroeconomic challenges and sector-specific factors. The ongoing energy crisis and heightened inflation, coupled with aggressive interest rate hikes, led to a cautious market, impacting industrial demand for copper.

Despite this, Europe's focus on green energy and infrastructure projects provided some support to copper prices. The market faced a mix of supply challenges and global influences, leading to price fluctuations and a generally cautious market sentiment. Overall, the copper price trend in Europe during this period was characterized by instability and uncertainty.

North America

In North America, the copper plate price trend experienced a mix of stability and volatility throughout the fourth quarter of 2023. The initial decline in copper prices was observed due to the accumulation of inventory and a lack of optimism in market expectations for future consumption. The geopolitical risks and high-interest rates from major central banks, including the Federal Reserve, kept the market sentiment cautious. However, towards the end of the quarter, the market saw a slight improvement.

The spot copper quotation indicated a year-on-year increase, suggesting a modest rebound in the copper market. This rebound could be attributed to the market's interpretation of the Federal Reserve's decision to maintain interest rates, which improved the risk appetite slightly. The copper plate sector, particularly for applications in construction and manufacturing, remained watchful but saw some recovery in demand as companies replenished their inventories at the lower price points.

Analyst Insights

According to Procurement Resource, the copper plate price trend is anticipated to witness an unstable price trend in the initial months of 2024. Primary reasons would be slashed production and alleviating supplies.

Copper Plate Price Trend for the July-September of 2023

Asia

The prices of copper plate remained stagnant throughout the third quarter as the Chinese economy took on a recovery path, but the pace of this was slow. The demand for copper plates throughout the quarter remained stable with only slight month-on-month fluctuations, keeping the copper plate price graph in the green zone. However, the wait-and-see approach adopted by the consumers and rising competition in the automotive sector, along with the falling cost of energy, proved to be a challenge for the growth of copper plate price trajectory.

Europe

In European countries, the rate of procurement of copper plates remained low throughout the third quarter of 2023. Even the movement in the other related downstream industries was also feeble, hampering the overall sentiments of the copper plate prices. However, with the growth of eco-friendly products and manufacturing infrastructure activities, the prices of copper plates were able to trace a stable trajectory.

North America

The equilibria of supply and demand were supported by the consistency in supply chains in the domestic as well as overseas sectors and demand from the end-user industries. Among the downstream industries, the electrical and automotive sectors posed a major share of demand. Additionally, the level of inventories, rates of inflation, and interest also worked coherently in dictating the direction of the copper plate price trend. However, in the end phase, the cost of raw materials took a sudden bearish turn along with the demand from the downstream industries, pushing the price trend into a negative zone.

Analyst Insight

According to Procurement Resource, the price trend of Copper Plate are expected to follow the trajectory traced by its demand from the automotive sector.

Copper Plate Price Trend for the First Half of 2023

Asia

In the Asia-Pacific region, the surge in the number of orders, limited availability of the product, and high consumption of the consumers supported the surge in the price trend of copper plate in the first and second quarters of 2023.

The inclination in the copper plate prices was also a direct consequence of the low level of inventories, sustained equilibrium of supply and demand, and newly adopted government policies. A slight fluctuation was caused by the influx of cheap imports in the region, but this obstacle was overcome by the decreasing level of inventories, and as a result, the price trend of copper plate soared upwards in the first and second quarters of 2023.

Europe

As witnessed in the Asia-Pacific region, the price trend of copper plate surged in the first quarter in Europe. The trend in this region was supported by the low level of inventories, high cost of raw materials, and restricted supply of raw materials from the Russian industries. In addition to this, the uncertain demand and volatility in the demand for copper plate positively influenced the price trend of copper plate.

In the second quarter, the prices of copper plate stabilized due to the strengthening of the Euro over the US dollar and a striking balance between the supply and demand of the product. The mills employing copper plates increased their consumption rates, which further supported the prices of copper plate. But the shadows of recession and, in turn, low confidence of buyers kept the price trend of copper plate in check.

North America

The downstream construction and machinery industries supported the price trend of copper plates in the first quarter of 2023. But soon, the fluctuating economic conditions caught up with the rising momentum of the copper plate market and eventually caused the prices to stabilize in the second quarter. The North American market faced serious economic crises that lowered the confidence of buyers in this sector and, thus, negatively impacted the prices of copper plate.

Analyst Insight

According to Procurement Resource, the price trend of the Copper Plate is estimated to showcase a mixed trend. The prices of copper plate will be decided by the uncertain demand from the end-sector industries and global economic conditions.

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