Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in the United States - 2024
Contents:
- Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in the United States (CIF) - 2024
- Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in the United States (FOB) - 2024
- Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in the United States
- Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in the United States
Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in the United States (CIF) - 2024
The average import price for copper; copper-zinc base alloys (brass) unwroughts stood at $8,968 per ton in May 2024, growing by 4.4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2024 when the average import price increased by 4.4% against the previous month. Over the period under review, average import prices reached the maximum in May 2024.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From May 2023 to May 2024, the rate of growth in terms of prices for Canada amounted to +0.3% per month.
Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in the United States (FOB) - 2024
In May 2024, the average export price for copper; copper-zinc base alloys (brass) unwroughts amounted to $7,563 per ton, reducing by -11.8% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2024 an increase of 28% m-o-m. Over the period under review, the average export prices hit record highs at $8,573 per ton in April 2024, and then declined in the following month.
There were significant differences in the average prices for the major overseas markets. In May 2024, the country with the highest price was Canada ($9,835 per ton), while the average price for exports to Costa Rica ($5,000 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in the United States
In 2022, overseas purchases of copper; copper-zinc base alloys (brass) unwroughts decreased by -7.3% to 13K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, imports reached the peak of 14K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of copper; copper-zinc base alloys (brass) unwroughts reduced to $111M in 2022. Overall, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 49%.
| Import of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 65.5 | 63.0 | 114 | 107 | 17.8% |
| South Korea | N/A | 4.5 | 0.1 | 0.3 | -74.2% |
| Israel | 8.4 | 10.1 | N/A | N/A | 20.2% |
| Others | 76.7 | 1.1 | 3.1 | 3.3 | -65.0% |
| Total | 151 | 78.7 | 117 | 111 | -9.7% |
Top Suppliers of Copper; Copper-Zinc Base Alloys (Brass) Unwrought to the United States in 2022:
- Canada (12.1K tons)
Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in the United States
In 2022, approx. 8K tons of copper; copper-zinc base alloys (brass) unwroughts were exported from the United States; with a decrease of -3.3% against 2021 figures. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 15%.
In value terms, exports of copper; copper-zinc base alloys (brass) unwroughts rose notably to $65M in 2022. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 45%.
| Export of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 18.2 | 16.4 | 26.7 | 34.2 | 23.4% |
| China | N/A | 3.2 | 11.4 | 10.8 | 83.7% |
| Canada | 7.7 | 6.4 | 7.8 | 9.7 | 8.0% |
| South Korea | 13.6 | 6.6 | 5.0 | 3.7 | -35.2% |
| United Kingdom | 0.2 | 0.2 | 0.2 | 2.0 | 115.4% |
| Spain | 0.3 | N/A | N/A | 1.1 | 54.2% |
| Costa Rica | 0.5 | 0.4 | 0.8 | 0.9 | 21.6% |
| India | 1.9 | 1.6 | 1.0 | 0.7 | -28.3% |
| Germany | 0.2 | N/A | 0.2 | 0.4 | 26.0% |
| Others | 46.1 | 4.5 | 4.0 | 1.9 | -65.5% |
| Total | 88.8 | 39.4 | 57.1 | 65.4 | -9.7% |
Top Export Markets for Copper; Copper-Zinc Base Alloys (Brass) Unwrought from the United States in 2022:
- Mexico (3591.9 tons)
- China (1644.8 tons)
- Canada (1058.4 tons)
- South Korea (469.1 tons)
- Spain (264.5 tons)
- United Kingdom (225.6 tons)
- Germany (176.4 tons)
- Costa Rica (172.0 tons)
- India (98.3 tons)
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