Ad in: Ahmadabad, India - Training & Education Services
Copper Rod Price Trend and Forecast - Price: Rs. 0
Ad # 817610
In the first quarter of 2023, the US market experienced a rise in Copper Rod prices due to the banking meltdown's impact on high inflation and high-interest rates. Market players had noted that lower copper prices led to increased market demand ahead of traditionally high-demand months, such as April and May. As market participants looked for signs of a solid post-pandemic recovery, a slowdown in inventory build-up had indicated a rise in demand, and lead times had also been reduced due to lower input demand and fewer logistical delays. This improvement was driven by a sharp drop in input purchasing by manufacturers. Firms had chosen to deplete inventories as stocks of purchased and finished goods contracted. Additionally, the failure of Silicon Valley Bank in mid-March had a modest impact. The US dollar had also risen against most major currencies, reversing recent losses. The market's preference for safe-haven assets had remained high due to continuing concerns about banking industry risks. Downstream businesses had taken a wait-and-see approach in the face of high copper prices. As a ripple effect, the Copper Rod (C110-1 inch) prices for Ex Alabama (USA) settled at USD 15698/MT.
For more information
E-Mail:- sales@chemanalyst.com
websites:- https://www.chemanalyst.com/Pricing-data/copper-rod-1360
Contact No:- +13322586602
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For more information
E-Mail:- sales@chemanalyst.com
websites:- https://www.chemanalyst.com/Pricing-data/copper-rod-1360
Contact No:- +13322586602
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