India
China
United States
United KingdomIn the first quarter of 2025, copper rod prices saw a notable upswing, climbing by $10,581 per metric ton Ex-Shanghai a 1.37% increase compared to the previous quarter. This surge reflects stronger market fundamentals, including tighter supply conditions and steady demand from the construction and electrical sectors. The price momentum was also fueled by improved investor sentiment and ongoing infrastructure developments in key regions, which kept the buying interest robust. Overall, Q1 marked a bullish phase for copper rods, with the upward trend signaling a healthy start to the year for the copper industry.
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.
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 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 rods 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 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 the first quarter of 2025, copper rod prices saw a notable upswing, climbing by $11392 per metric ton Ex- Mumbai a 4.72% increase compared to the previous quarter. This surge reflects stronger market fundamentals, including tighter supply conditions and steady demand from the construction and electrical sectors. The price momentum was also fueled by improved investor sentiment and ongoing infrastructure developments in key regions, which kept the buying interest robust. Overall, Q1 marked a bullish phase for copper rods, with the upward trend signaling a healthy start to the year for the copper industry.
In Q4 2024, the price of copper rod in India witnessed a notable increase of $10,878 per metric ton, Ex-Mumbai marking a 5.10% rise compared to the previous quarter. This upward movement was largely driven by improved demand from the domestic electrical and construction sectors, as infrastructure activities picked up pace toward the year-end. The festive season in India also played a role in boosting industrial activities, further pushing demand for copper rods. Overall, the quarter reflected positive market sentiment with prices responding to both local and international cues.
In Q3 2024, India witnessed a notable decrease in copper rod prices, dropping by $10,791 per metric ton, Ex-Mumbai which marks a 4.38% decline compared to the previous quarter. This downward trend can be attributed to a combination of softer demand from key sectors like construction and electrical manufacturing, along with improved global supply conditions that helped ease raw material costs. Additionally, reduced LME copper prices during this period influenced domestic rates, making copper rods more affordable for Indian manufacturers. The price drop provided a temporary breather for industries reliant on copper inputs, potentially encouraging inventory buildup and forward purchasing strategies.
In Q2 2024, the price of copper rods in India witnessed a significant surge, rising by $11,308 per metric ton Ex-Mumbai a sharp 15% increase compared to the previous quarter. This upward trend was primarily driven by robust demand from the electrical and construction sectors, coupled with tightening global supply amid continued geopolitical tensions and mining disruptions in key producing regions. Domestic manufacturers also faced increased input costs, which further contributed to the price hike. The market sentiment remained bullish throughout the quarter, with many buyers front-loading purchases in anticipation of further price escalations.
In Q1 2024, the Indian copper rod market witnessed a noticeable uptick, with prices increasing by $9,832 per metric ton, Ex-Mumbai marking a 1.29% rise compared to the previous quarter. This upward trend was largely driven by strong demand from the power and infrastructure sectors, coupled with steady growth in the automotive and electronics industries. Domestic consumption remained healthy, and while global copper supply faced some tightening, Indian manufacturers showed resilience in meeting local requirements. The price hike also reflected the broader bullish sentiment in the global copper market, where expectations of future demand and investment in green technologies continued to support higher valuations.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
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
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
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
These events highlight the vulnerability of the copper rod market to global disruptions and emphasize the importance of monitoring supply-demand dynamics closely.
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PriceWatch 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, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence copper rod prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely copper rod market data.
Track PriceWatch'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.
This methodology ensures PriceWatch provides the most accurate, actionable copper rod pricing assessments, helping clients navigate market trends and make informed business decisions.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
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
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
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
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.
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.
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.
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