Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending June 2023 North America In the second quarter of 2023, the US  Copper Rod  exhibited a steady price trajectory, influenced by macroeconomic factors contributing to stability. Early in the quarter, a noticeable price increase occurred following an unexpected drop in the US producer price index, alleviating downward pressure stemming from copper rod production. Supply and demand remained balanced, signaling that the US government, in the final stages of raising interest rates, intended to cut them in the ensuing weeks. However, the market situation sharply deteriorated in the latter half of the quarter, reversing the earlier price surge. The US government found itself in a challenging financial situation, with the collapse of major US banks leading to a debt crisis in the US spot market. Buyers adopted a cautious approach, focusing on demand-driven purchases, while infrastructure development and the carbon removal impact of factory electrification sustaine...