Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in China - 2024
Contents:
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in China (CIF) - 2024
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in China (FOB) - 2024
- Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in China
- Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in China
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in China (CIF) - 2024
The average import price for copper; refined, unwrought, cathodes and sections of cathodeses stood at $9,997 per ton in May 2024, growing by 8.5% against the previous month. Over the period from May 2023 to May 2024, it increased at an average monthly rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In May 2024, the highest price was recorded for prices from Uzbekistan ($10,474 per ton) and South Korea ($10,207 per ton), while the price for Poland ($9,123 per ton) and Serbia ($9,621 per ton) were amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Uzbekistan (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in China (FOB) - 2024
In May 2024, the average export price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $10,038 per ton, increasing by 10% against the previous month. Over the period from May 2023 to May 2024, it increased at an average monthly rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In May 2024, the countries with the highest prices were Switzerland ($11,027 per ton) and South Korea ($10,138 per ton), while the average price for exports to Vietnam ($9,831 per ton) and Singapore ($9,925 per ton) were amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in China
In 2022, supplies from abroad of copper; refined, unwrought, cathodes and sections of cathodeses increased by 15% to 3.9M tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a deep setback.
In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses rose rapidly to $35.4B in 2022. In general, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year.
| Import of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in China (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 6.7 | 7.9 | 7.0 | 8.1 | 6.5% |
| Russia | 1.6 | 2.6 | 3.7 | 5.0 | 46.2% |
| Kazakhstan | 1.7 | 1.8 | 2.4 | 2.4 | 12.2% |
| Japan | 1.1 | 2.0 | 1.8 | 1.9 | 20.0% |
| South Korea | 0.9 | 0.9 | 2.0 | 1.8 | 26.0% |
| Australia | 0.9 | 1.3 | 1.5 | 1.6 | 21.1% |
| Peru | 1.0 | 1.3 | 1.4 | 1.4 | 11.9% |
| Philippines | 0.5 | 0.8 | 1.0 | 0.7 | 11.9% |
| Zambia | 0.4 | 0.5 | 0.6 | 0.7 | 20.5% |
| Poland | 0.7 | 0.6 | 0.9 | 0.6 | -5.0% |
| Indonesia | 0.3 | 0.7 | 0.4 | 0.2 | -12.6% |
| Bulgaria | 0.6 | 0.7 | 0.8 | 0.2 | -30.7% |
| Myanmar | 0.5 | 0.7 | 0.4 | N/A | -10.6% |
| Others | 25.1 | 6.3 | 8.3 | 10.5 | -25.2% |
| Total | 42.1 | 28.2 | 32.2 | 35.4 | -5.6% |
Top Suppliers of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes to China in 2022:
- Chile (911.2K tons)
- Russia (562.0K tons)
- Kazakhstan (263.4K tons)
- Japan (217.9K tons)
- South Korea (205.3K tons)
- Australia (181.3K tons)
- Peru (156.7K tons)
- Philippines (80.5K tons)
- Zambia (80.4K tons)
- Poland (68.9K tons)
- Indonesia (27.7K tons)
- Bulgaria (24.7K tons)
Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in China
In 2022, approx. 232K tons of copper; refined, unwrought, cathodes and sections of cathodeses were exported from China; declining by -12.9% against the previous year. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 26%.
In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses dropped to $2.2B in 2022. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 90% against the previous year.
| Export of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 193 | 104 | 775 | 814 | 61.6% |
| Taiwan (Chinese) | 637 | 566 | 566 | 752 | 5.7% |
| Vietnam | 392 | 289 | 407 | 387 | -0.4% |
| Thailand | 313 | 101 | 380 | 82.7 | -35.8% |
| Indonesia | 198 | 156 | 229 | 80.5 | -25.9% |
| Singapore | 1.5 | N/A | 45.0 | 35.7 | 187.6% |
| Malaysia | 124 | 49.0 | 35.5 | 24.2 | -42.0% |
| Others | 2,006 | 27.7 | 18.9 | 33.2 | -74.5% |
| Total | 3,865 | 1,293 | 2,456 | 2,210 | -17.0% |
Top Export Markets for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes from China in 2022:
- South Korea (80.4K tons)
- Taiwan (Chinese) (79.1K tons)
- Vietnam (43.6K tons)
- Thailand (9.4K tons)
- Indonesia (8.9K tons)
- Singapore (4.3K tons)
- Malaysia (2.8K tons)
733
This report provides an in-depth analysis of the copper market in China.
439
This report provides an in-depth analysis of the copper market in China.
1260
This report provides an in-depth analysis of the global copper market.
622
This report provides an in-depth analysis of the global copper market.
354
This report provides an in-depth analysis of the unwrought copper alloy market in China.
733
This report provides an in-depth analysis of the copper market in China.
439
This report provides an in-depth analysis of the copper market in China.
572
Global Unwrought Copper Alloy Market Report 2018. This report provides an in-depth analysis of the global unwrought copper alloy market.
1260
This report provides an in-depth analysis of the global copper market.
622
This report provides an in-depth analysis of the global copper market.
534
In value terms, refined copper imports dropped to $2.2B in February 2023
646
In September 2022, the refined copper price stood at $7,983 per ton (CIF, China), flattening at the previous month.
412
Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
2441
Global refined copper imports amounted to X tons in 2016, declining by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
534
In value terms, refined copper imports dropped to $2.2B in February 2023
646
In September 2022, the refined copper price stood at $7,983 per ton (CIF, China), flattening at the previous month.
412
Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
2441
Global refined copper imports amounted to X tons in 2016, declining by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
