Copper; Master Alloys Price in China - 2023

Contents:

1. Copper; Master Alloys Price in China (CIF) - 2023
2. Copper; Master Alloys Price in China (FOB) - 2022
3. Copper; Master Alloys Imports in China
4. Copper; Master Alloys Exports in China

Copper; Master Alloys Price in China (CIF) - 2023

The average copper; master alloys import price stood at $3,101 per ton in September 2023, rising by 13% against the previous month. In general, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in June 2023 an increase of 580% m-o-m. As a result, import price reached the peak level of $23,436 per ton. From July 2023 to September 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Kazakhstan ($24,437 per ton), while the price for the UK ($5,460 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper; Master Alloys Price in China (FOB) - 2022

In 2022, the average copper; master alloys export price amounted to $19,438 per ton, almost unchanged from the previous year. Overall, the export price, however, saw a strong increase. The pace of growth appeared the most rapid in 2019 an increase of 41%. The export price peaked at $19,664 per ton in 2021, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($126,694 per ton), while the average price for exports to Australia ($13,540 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Copper; Master Alloys Imports in China

After three years of growth, overseas purchases of copper; master alloyses decreased by -38.4% to 3K tons in 2022. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 331%. As a result, imports attained the peak of 4.9K tons, and then shrank remarkably in the following year.

In value terms, copper; master alloys imports plummeted to $31M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 185%. As a result, imports reached the peak of $46M, and then shrank sharply in the following year.

Top Suppliers of Copper; Master Alloys to China in 2022:

1. Singapore (1070.7 tons)
2. Kazakhstan (397.7 tons)
3. United States (325.0 tons)
4. Australia (67.6 tons)
5. South Korea (37.8 tons)
6. New Zealand (33.4 tons)
7. United Kingdom (25.6 tons)

Copper; Master Alloys Exports in China

Copper; master alloys exports from China plummeted to 209 tons in 2022, waning by -15.7% compared with the previous year's figure. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year.

In value terms, copper; master alloys exports declined dramatically to $4.1M in 2022. In general, exports recorded a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 50%.

Top Export Markets for Copper; Master Alloys from China in 2022:

1. Australia (59.7 tons)
2. Uzbekistan (24.4 tons)
3. Germany (11.2 tons)
4. France (6.7 tons)
5. United Kingdom (5.2 tons)
6. United States (2.6 tons)
7. India (2.5 tons)

Source: IndexBox Market Intelligence Platform