Copper Plate Price History and Forecast Analysis | Procurement Resource
During the initial half of 2023, copper plate prices displayed diverse trends in different regions. In the Asia Pacific, prices surged due to heightened orders, limited supply, and strong consumer demand, supported by balanced supply-demand dynamics and governmental policies. Similarly, Europe experienced a price hike owing to depleted inventories, expensive raw materials, and restricted Russian supply. Despite stabilizing in the second quarter, factors like the Euro’s strength, supply-demand equilibrium, and increased consumption by copper plate mills sustained prices. In North America, while the construction and machinery sectors initially drove prices up, economic uncertainties prompted stabilization in Q2, with market upheavals denting buyer confidence and impacting copper plate prices.
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Definition
Copper plates boast exceptional electrical conductivity, making them crucial for electrical and electronic applications. Their malleability facilitates intricate shaping, while high thermal conductivity aids efficient heat transfer. These plates also exhibit corrosion resistance, making them suitable for outdoor and marine environments. Copper’s antimicrobial properties find use in healthcare settings. Despite their susceptibility to oxidation, copper plates develop a unique patina over time. Their combination of conductivity, formability, and durability makes them integral in various industries, including electronics, construction, and healthcare.
Key Details About the Copper plate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Copper Plate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Copper Plate Price trends, including India Copper Plate price, USA Copper Plate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Copper Plate Price Trend:
Copper plates play an extensive role across various industries thanks to their exceptional properties. In the realm of electrical and electronics, they form the backbone for wiring, cables, connectors, and printed circuit boards due to their outstanding electrical conductivity. Within construction, these plates are utilized in roofing, gutters, and cladding for their resistance to corrosion and appealing appearance. Their antimicrobial features benefit the healthcare field, making them perfect for medical equipment and fixtures. Automotive sectors make use of copper plates in radiators and electrical components, leveraging their impressive thermal conductivity. Additionally, their malleability serves artistic purposes. Overall, the diverse attributes of copper plates make them invaluable in shaping modern technology, infrastructure, and aesthetics.
Key Players:
- NBM Metals
- GB Holdings
- Furukawa Electric
- CNMC
- CHALCO
- Valjaonica Bakra Sevojno
- Jiangxi Copper
- Mitsubishi Materials
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