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

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Brazil (FOB) - 2024
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Brazil (CIF) - 2022
3. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Brazil
4. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Brazil

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

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $9,985 per ton in February 2024, falling by -22.6% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2024 when the average export price increased by 29% month-to-month. As a result, the export price reached the peak level of $12,899 per ton, and then reduced notably in the following month.

Average prices varied somewhat for the major export markets. In February 2024, the country with the highest price was Uruguay ($12,260 per ton), while the average price for exports to the United States ($9,685 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Brazil (CIF) - 2022

In 2022, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $16,051 per ton, picking up by 19% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +105.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 48% against the previous year. The import price peaked at $16,490 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($65,746 per ton), while the price for Peru ($12,622 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, shipments abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses decreased by -0.9% to 745 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 25% against the previous year. As a result, the exports reached the peak of 1.4K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses contracted to $7.6M in 2022. In general, exports continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2020 with an increase of 27%. As a result, the exports reached the peak of $10M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. United States (399.2 tons)
2. Argentina (250.7 tons)
3. Colombia (39.4 tons)
4. Chile (22.0 tons)
5. Mexico (19.3 tons)
6. Uruguay (10.3 tons)

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

For the third consecutive year, Brazil recorded decline in supplies from abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which decreased by -64.4% to 22 tons in 2022. Over the period under review, imports recorded a precipitous descent. The smallest decline of -47.9% was in 2020.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses shrank markedly to $348K in 2022. In general, imports continue to indicate a dramatic setback. The smallest decline of -39% was in 2020.

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

1. Peru (11.4 tons)
2. China (8.9 tons)
3. United States (0.6 tons)
4. Germany (0.6 tons)

Source: IndexBox Market Intelligence Platform