copper rod Pricing Assessment

Markets Covered:

India

China

United States

United Kingdom

Copper Rod Price Trend, Analysis and Forecast

In Q1 2024, the global copper rod market exhibited a notable upward trend, driven by robust demand from key sectors such as construction, electronics, and renewable energy. China, as the largest producer and consumer, experienced a significant increase in copper rod prices due to heightened industrial activity and infrastructure investments aligned with its economic growth initiatives. Similarly, India, the USA, and the UK reported rising trends in copper rod prices, spurred by expanding manufacturing, infrastructure projects, and the adoption of green technologies. The synchronized increase across these regions underscores the growing importance of copper in global economic development and the transition toward sustainable energy solutions.

In Q2 2024, the copper rod market saw upward price movements across key global regions, with notable increases in China, India, the USA, and the UK. In China, rising demand for copper rod, driven by industrial growth and seasonal demand spikes, led to a steady price increase. Similarly, India experienced a surge in copper rod prices due to growing demand in the electrical and construction sectors. Both the USA and UK saw price rises as well, supported by increased demand for copper rod in the automotive, telecommunications, and energy industries. This combined global trend reflected stronger market fundamentals, with tightening supply chains and heightened manufacturing activity pushing prices higher across these regions.

In Q3 2024, the global copper rod market experienced a decline across major regions, including China, India, the USA, and the UK. Prices in China saw a decrease as demand weakened amid a slowdown in industrial activity and high inventory levels, with a 6% drop compared to Q2. Similarly, India’s copper rod market faced a 5% decrease, driven by lower import costs and reduced domestic consumption. The USA and the UK also saw price reductions of 8% and 4%, respectively, reflecting lower demand from key sectors such as construction and automotive, combined with continued weak performance in copper scrap markets. The overall downward trend was a result of global economic uncertainty, weaker industrial growth, and concerns over reduced manufacturing activity, impacting both supply and demand dynamics.

In Q4 2024, the global copper rod market saw a notable upward trend, driven by increasing demand and production in key markets. In China, copper rod prices experienced a rise of approximately 3% due to stronger industrial demand, particularly in the electrical and construction sectors following the National Day holiday. Similarly, in India, prices also showed an increase, with a 4% rise attributed to higher demand for copper rods in infrastructure development and electrical applications. Both the USA and the UK saw parallel growth in copper rod prices, with the USA observing a 2% increase driven by tightening supply conditions and a rebound in manufacturing activities, while the UK benefited from a boost in industrial demand and restocking efforts. Overall, these trends reflected a global recovery in demand across several industries, strengthening market confidence in copper rod prices for the quarter.

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is your trusted resource for tracking global copper rod price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the copper rod market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

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Track 's copper rod price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in copper rod prices

Global Economic Downturn (2019-2020): The global economic slowdown, particularly in the automotive and construction sectors, led to reduced demand for copper rods, resulting in lower prices.

COVID-19 Pandemic (2019-2020): The pandemic severely impacted demand for copper rods, particularly in construction and manufacturing sectors, causing prices to drop.

Global Supply Chain Disruption (2022): Geopolitical events, such as the war in Ukraine, disrupted copper production and supply chains, resulting in volatility and price fluctuations.

These events highlight the vulnerability of the copper rod market to global disruptions and emphasize the importance of monitoring supply-demand dynamics closely.

Methodology and Specifications

copper rod Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from global commodity exchanges, industry reports, and proprietary databases, ensuring assessments reflect current market conditions.

On-the-Ground Intelligence: We gather insights from key market participants, including producers, suppliers, traders, and end-users, across major copper rod production hubs to understand localized dynamics.

Supply Chain Monitoring: tracks the entire copper rod supply chain, from raw material availability to distribution channels, including feedstock prices and logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: monitors geopolitical developments, such as trade conflicts, which can disrupt copper production and affect global prices.

Natural Disasters and Climate Events: We assess the impact of natural disasters on copper rod production facilities and supply chains.

Economic Shifts: analyzes macroeconomic trends and their impact on copper rod demand, forecasting future shifts in pricing and demand.

Production Capacity and Supply Analysis

Current Production Monitoring: We track global copper rod production facilities, assessing operational status, maintenance, and output levels to gauge current supply availability.

Future Capacity Projections: We provide detailed forecasts of upcoming copper rod production capacities, including plant expansions and technological advancements, to predict future market trends.

Demand Forecasting

Sectoral Demand Analysis: evaluates trends across key sectors, including construction, electrical, and automotive industries, to understand copper rod demand fluctuations.

Global Demand Dynamics: We monitor regional demand variations and how they influence global copper rod pricing.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast copper rod prices, incorporating real-time data, historical trends, and future market conditions.

Scenario Analysis: We conduct scenario-based assessments, providing insights into potential best-case, worst-case, and most likely market outcomes.

Reporting and Client Support

Comprehensive Reports: Clients receive detailed reports with current price assessments, future forecasts, and an analysis of market drivers.

Ongoing Support: offers continuous updates and personalized support, ensuring clients stay informed of the latest developments in the copper rod market.

This methodology ensures provides the most accurate, actionable copper rod pricing assessments, helping clients navigate market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

CAS No

HS Code

7407

Molecular Formula

copper rod

Copper rods are long, cylindrical bars of copper metal, typically used in electrical, construction, and industrial applications. They are produced by drawing copper through a die or rolling it into rods. Copper rods are highly conductive and corrosion-resistant, making them ideal for electrical and electronic applications.

Packaging Type

Container

Grades Covered

ETP 11000-20mm, ETP C12000-20mm, ETP C110-20mm,

Incoterms Used

Ex-Shanghai(China), Ex-Mumbai(India), Del Alabama(USA), FD-Willich(United Kingdom)

Synonym

Copper Wire Rod, Copper Alloy Rod

Quotation Terms:

20-25 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification
Copper Content (%)	≥ 99.9 (high purity)
Yield Strength (MPa)	210 – 240 (minimum)
Tensile Strength (MPa)	270 – 350
Elongation (%)	≥ 35 (for 200mm gauge length)
Hardness (HRB)	30 – 40
Density (g/cm³)	8.96
Modulus of Elasticity (GPa)	110
Melting Point (°C)	~1083
Diameter (mm)	6 – 20 (common range)
Surface Finish	Bright, polished
Conductivity (%) IACS	≥ 100
Corrosion Resistance	High (resistant to oxidation)
Thermal Conductivity (W/m·K)	~400 at 20°C

Applications

Electrical Wiring: Electrical conductors, cables, transformers Construction: Plumbing pipes, heating systems Automotive: Electrical components, radiators Industrial: Manufacturing machinery, components requiring high conductivity Consumer Goods: Electronic devices, connectors, and terminals

Disclaimer

Copper Rod price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for copper rod. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence copper rod prices? +

Production Costs: Increases in labor or material costs lead to higher prices for copper rod.

Supply and Demand: Price fluctuations occur based on market conditions.

Economic Growth: Demand from industrial sectors like construction and automotive affects copper prices.

Geopolitical Events: Political instability, conflicts, and trade issues can disrupt supply and affect pricing.

Natural Disasters: Weather events like hurricanes can impact copper rod production and availability.

Speculation: Financial markets and trading activities also impact copper prices.

Government Policies: Tariffs and regulations can affect supply and demand dynamics.

How do feedstock prices impact copper rod prices? +

Feedstock prices, such as the cost of copper concentrate, directly impact copper rod pricing. A rise in feedstock prices typically leads to higher production costs and, consequently, an increase in copper rod prices.

What is the relationship between copper rod prices and inflation? +

Copper rod prices can contribute to inflation, particularly in industries that heavily rely on copper, such as construction and electronics. As copper prices rise, manufacturers may pass on these higher costs to consumers, leading to an increase in the general price level of goods and services.