Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending June 2023 North America The price of  copper wire  in the US experienced a stagnant trend in the second quarter of 2023. Macroeconomic factors played a significant role in maintaining its stability. At the beginning of Q2, there was an unexpected decline in the Producer Price Index in the USA, which alleviated some downward pressure on copper wire manufacturing and caused prices to rise. The supply-demand rate remained stable, indicating that the US government was nearing the end phase of an interest rate hike and would decrease it in the coming weeks. However, market conditions deteriorated in the latter half of the quarter due to a debt crisis caused by the downfall of several major banks. As a result, buyers adopted a wait-and-watch approach, and purchasing rates were solely based on demand. Despite this, the consumption rate of copper wire remained steady across the German spot market due to downstream infrastructural development and the growing elec...

For the Quarter Ending June 2023 North America In the second quarter of 2023, the price of  copper wire  in the US remained stable despite various macroeconomic factors influencing its trend. Initially, there was a price rise due to an unexpected decline in the Producer Price Index, which relieved some downward pressure on copper wire manufacturing. The supply-demand rate was steady, signaling that the US government was nearing the end of an interest rate hike and would reduce it in the coming weeks. However, the market conditions took a sharp downturn in the latter half of the second quarter. Several major banks in the USA faced financial difficulties, leading to a debt crisis in the US spot market. This caused buyers to adopt a cautious approach, only purchasing based on immediate demand. On the bright side, the consumption rate of copper wire remained stable due to downstream infrastructural development and the electrification of mills for decarburization purposes. Asia-Pac...