Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending June 2023 North America During the second quarter of 2023, the US  copper plate market  experienced a period of price stability, influenced by macroeconomic factors. Initially, there was a rise in prices due to an unexpected decline in the Producer Price Index in the USA, relieving some downward pressure on copper plate manufacturing. The supply and demand rate remained stable, indicating that the US government was nearing the end of an interest rate hike phase and planning to decrease rates in the coming weeks. However, market conditions in the latter half of the second quarter took a drastic downturn. The US government faced an economic crisis as several major banks across the country faltered, leading to a debt crisis in the spot market. Buyers became cautious, adopting a wait-and-watch approach, and purchasing rates were primarily based on immediate demand. Despite this, the consumption rate for copper plate remained stable in the German spot market ...

For the Quarter Ending June 2023 North America In the second quarter of 2023, the price of  copper plate  in the US remained stagnant due to various macroeconomic factors influencing its stability. Initially, there was a price increase as the Producer Price Index unexpectedly declined, relieving some downward pressure on copper plate manufacturing. The supply-demand ratio remained stable, indicating that the US government was nearing the end of an interest rate hike and planning to decrease it in the coming weeks. However, during the latter half of the quarter, the market conditions drastically declined. Several major banks in the US faced financial difficulties, leading to a debt crisis in the spot market. As a result, buyers adopted a wait-and-watch approach, and purchasing rates were based on immediate demand. The consumption rate in the German spot market remained stable due to ongoing infrastructural development and the decarburization effect for electrification in variou...