Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Mexico - 2024

Contents:

1. Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Mexico (CIF) - 2024
2. Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Mexico (FOB) - 2023
3. Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Mexico
4. Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Mexico

Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Mexico (CIF) - 2024

In March 2024, the average import price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $9,166 per ton, with an increase of 2% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 2.2% m-o-m. Over the period under review, average import prices reached the maximum at $9,470 per ton in April 2023; however, from May 2023 to March 2024, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From April 2023 to March 2024, the rate of growth in terms of prices for Chile amounted to -0.1% per month.

Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Mexico (FOB) - 2023

In May 2023, the average export price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $8,195 per ton, therefore, remained relatively stable against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 8.4% against the previous month. As a result, the export price attained the peak level of $8,967 per ton. From April 2023 to May 2023, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From February 2023 to May 2023, the rate of growth in terms of prices for China amounted to 0.0% per month.

Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Mexico

In 2022, purchases abroad of copper; refined, unwrought, cathodes and sections of cathodeses decreased by -78.3% to 36K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2020 when imports increased by 18%.

In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses fell rapidly to $332M in 2022. Over the period under review, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2021 when imports increased by 67%. As a result, imports reached the peak of $1.5B, and then declined notably in the following year.

Top Suppliers of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes to Mexico in 2022:

1. United States (12.6K tons)
2. Chile (5.2K tons)

Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Mexico

In 2021, after two years of growth, there was significant decline in shipments abroad of copper; refined, unwrought, cathodes and sections of cathodeses, when their volume decreased by -91.4% to 22K tons. Overall, exports faced a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of 1.6% against the previous year. As a result, the exports reached the peak of 249K tons, and then shrank rapidly in the following year.

In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses fell markedly to $192M in 2021. In general, exports faced a sharp downturn. The pace of growth was the most pronounced in 2020 when exports increased by 2.2%. As a result, the exports reached the peak of $1.5B, and then shrank significantly in the following year.

Top Export Markets for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes from Mexico in 2022:

1. United States (10.8K tons)

Source: IndexBox Market Intelligence Platform