Copper Rod Prices In USA
- United States: 15,453 USD/MT (C 110-1inch)
In the USA, the market's preference for safe-haven assets remained eminent due to continuing concerns about banking industry risks.
The latest report by IMARC Group, titled "Copper Rod Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of copper rod prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Copper Rod Prices December 2023:
- United States: 15,453 USD/MT (C 110-1inch)
- South Korea: 9,850 USD/MT (20mm)
- Germany: 10,820/USD/MT (25mm)
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The study delves into the factors affecting copper rod price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Copper Rod Price Trend- Q4 2023
The copper rod market is influenced by several key factors that shape its dynamics and growth trajectory. Global economic trend play a significant role in determining the demand for copper rods. As copper is a crucial component in various industries such as construction, electronics, and telecommunications, fluctuations in economic indicators like GDP growth, industrial output, and infrastructure investments directly impact the demand for copper rods. Additionally, technological advancements and innovations drive demand for copper rods, particularly in the electrical and electronic sectors where copper's superior conductivity properties are essential for manufacturing components like wires, cables, and electrical equipment. Moreover, the renewable energy sector, including solar and wind power generation, has emerged as a significant consumer of copper rods for manufacturing high-efficiency conductors and transformers, further boosting market demand.
Copper Rod Prices 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. In the final quarter of 2023, the copper rod market in North America experienced a complex landscape influenced by various factors that molded market dynamics. Resilience in the market emerged as a prominent theme, supported by consistent demand and adaptable supply chains, which established a stable base. Geopolitical factors introduced a note of caution, influencing a cautiously managed pricing path. The United States, playing a pivotal role in these shifts, observed notable price modifications, indicating a deliberate decrease of 2% compared to the preceding quarter. This quarter's performance highlighted a weak link between market patterns, seasonal effects, and pricing alterations.
During the fourth quarter of 2023, the pricing dynamics of copper rod in the APAC region unfolded with complexity, shaping the market environment. South Korea emerged as a significant influencer, managing notable fluctuations in pricing driven by increased demand, geopolitical adjustments, and intricate supply chain dynamics. A detailed examination revealed a nuanced pricing pattern with distinct seasonality and correlations specific to South Korea. Moreover, in the closing months of 2023, Europe's copper rod market witnessed an intriguing landscape characterized by influential factors molding market dynamics. Despite subdued demand, there was a marginal 2.3% shift compared to the prior quarter, indicating a delicate equilibrium. Germany, playing a central role, underwent notable pricing revisions, showing a deliberate -3% alteration from the previous quarter, influenced by market complexities and geopolitical factors.
Browse Full Report: https://www.imarcgroup.com/copper-rod-pricing-report
Key Points Covered in the Copper Rod Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Price of Copper Rod
- Copper Rod Price Trend
- Copper Rod Demand
- Copper Rod Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Copper Rod Price Analysis
- Copper Rod Industry Drivers, Restraints, and Opportunities
- Copper Rod News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- 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
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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