Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Canada - 2024

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Canada (CIF) - 2024
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Canada (FOB) - 2024
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Canada
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Canada

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Canada (CIF) - 2024

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $10,273 per ton in January 2024, with a decrease of -4.3% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 56% month-to-month. Over the period under review, average import prices attained the maximum at $11,938 per ton in February 2023; however, from March 2023 to January 2024, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($20,932 per ton), while the price for the United States ($9,890 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Canada (FOB) - 2024

In January 2024, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $12,522 per ton, growing by 9.4% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 20% against the previous month. Over the period under review, the average export prices reached the maximum at $12,672 per ton in August 2023; however, from September 2023 to January 2024, the export prices remained at a lower figure.

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

From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to +1.7% per month.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Canada

In 2022, the amount of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses imported into Canada skyrocketed to 4.2K tons, picking up by 43% on the previous year. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% 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 +57.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses surged to $45M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Canada in 2022:

1. United States (2089.9 tons)
2. China (1457.8 tons)
3. Bahrain (209.6 tons)
4. Italy (180.5 tons)
5. Bulgaria (85.7 tons)
6. Germany (19.9 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Canada

Exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses from Canada surged to 915 tons in 2022, with an increase of 59% against the previous year's figure. In general, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses surged to $11M in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Canada in 2022:

1. United States (911.1 tons)
2. Mexico (4.1 tons)

Source: IndexBox Market Intelligence Platform