Price for Copper; Bars, Rods and Profiles, of Refined Copper in China - 2024
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in China (FOB) - 2024
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in China (CIF) - 2022
- Exports of Copper; Bars, Rods and Profiles, of Refined Copper in China
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in China
Price for Copper; Bars, Rods and Profiles, of Refined Copper in China (FOB) - 2024
The average export price for copper; bars, rods and profiles, of refined coppers stood at $10,230 per ton in April 2024, surging by 4.2% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 12% m-o-m. As a result, the export price reached the peak level of $12,037 per ton. From July 2023 to April 2024, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In April 2024, the highest price was recorded for prices to Italy ($12,077 per ton) and Germany ($11,834 per ton), while the average price for exports to Thailand ($9,045 per ton) and Chile ($9,239 per ton) were amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Bars, Rods and Profiles, of Refined Copper in China (CIF) - 2022
The average import price for copper; bars, rods and profiles, of refined coppers stood at $11,398 per ton in 2022, shrinking by -2% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; bars, rods and profiles, of refined coppers increased by +25.6% against 2020 indices. The growth pace was the most rapid in 2017 when the average import price increased by 51%. Over the period under review, average import prices attained the peak figure at $11,633 per ton in 2021, and then shrank in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($14,348 per ton), while the price for Mongolia ($5,295 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (+37.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Bars, Rods and Profiles, of Refined Copper in China
Exports of copper; bars, rods and profiles, of refined coppers from China skyrocketed to 9K tons in 2022, picking up by 25% compared with the previous year. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 85% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of copper; bars, rods and profiles, of refined coppers surged to $96M in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 122% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Copper; Bars, Rods and Profiles, of Refined Copper in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 7.5 | 9.0 | 19.5 | 22.9 | 45.1% |
| Thailand | 0.1 | 0.7 | 22.5 | 16.2 | 445.1% |
| Germany | 8.3 | 3.2 | 10.8 | 10.5 | 8.2% |
| South Korea | 0.2 | N/A | 0.3 | 6.4 | 217.5% |
| Italy | N/A | N/A | 0.3 | 4.8 | 1500.0% |
| India | 1.1 | 1.1 | 1.3 | 4.5 | 59.9% |
| Philippines | 2.6 | 2.2 | 2.8 | 4.4 | 19.2% |
| Malaysia | 3.4 | 2.5 | 3.1 | 3.9 | 4.7% |
| United States | 1.8 | 1.0 | 1.1 | 2.5 | 11.6% |
| Netherlands | 0.2 | 0.5 | 1.3 | 2.2 | 122.4% |
| Japan | 2.0 | 2.2 | 3.3 | 2.2 | 3.2% |
| Spain | 1.2 | 0.5 | 1.8 | 2.2 | 22.4% |
| Indonesia | 2.0 | 1.6 | 0.7 | 2.1 | 1.6% |
| Others | 7.7 | 9.4 | 6.7 | 10.9 | 12.3% |
| Total | 38.3 | 34.0 | 75.4 | 95.8 | 35.7% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from China in 2022:
- Taiwan (Chinese) (2367.0 tons)
- Thailand (1645.5 tons)
- Germany (845.8 tons)
- South Korea (652.2 tons)
- Philippines (448.9 tons)
- Italy (402.7 tons)
- India (401.5 tons)
- Malaysia (371.8 tons)
- United States (213.8 tons)
- Indonesia (190.4 tons)
- Spain (180.1 tons)
- Netherlands (179.1 tons)
- Japan (103.5 tons)
Imports of Copper; Bars, Rods and Profiles, of Refined Copper in China
In 2022, overseas purchases of copper; bars, rods and profiles, of refined coppers decreased by -4.2% to 6K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year.
In value terms, imports of copper; bars, rods and profiles, of refined coppers fell to $68M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of $73M, and then declined in the following year.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 11.6 | 15.9 | 16.6 | 18.3 | 16.4% |
| Thailand | 2.8 | 4.9 | 11.2 | 12.4 | 64.2% |
| Japan | 7.0 | 5.9 | 9.4 | 8.4 | 6.3% |
| France | 3.1 | 3.6 | 5.8 | 7.8 | 36.0% |
| Germany | 9.8 | 10.3 | 15.0 | 6.8 | -11.5% |
| Taiwan (Chinese) | 4.0 | 3.8 | 5.7 | 3.9 | -0.8% |
| Malaysia | 1.4 | 2.3 | 6.7 | 3.5 | 35.7% |
| Mongolia | N/A | 0.4 | N/A | 2.7 | 159.8% |
| Others | 4.3 | 3.1 | 2.5 | 4.6 | 2.3% |
| Total | 44.1 | 50.2 | 72.8 | 68.3 | 15.7% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to China in 2022:
- South Korea (1521.7 tons)
- Thailand (1295.2 tons)
- France (716.8 tons)
- Japan (583.9 tons)
- Germany (510.5 tons)
- Mongolia (506.1 tons)
- Malaysia (344.2 tons)
- Taiwan (Chinese) (306.9 tons)
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