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

Contents:

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

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

In January 2024, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $7,936 per ton, waning by -21.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 63% against the previous month. The import price peaked at $13,494 per ton in May 2023; however, from June 2023 to January 2024, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Mexico ($14,087 per ton), while the price for China ($7,298 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2021, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $18,669 per ton, surging by 77% against the previous year. Overall, the export price showed a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bolivia ($22,414 per ton), while the average price for exports to Peru amounted to $17,536 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+54.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses decreased by -65.3% to 217 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. As a result, imports attained the peak of 626 tons, and then shrank notably in the following year.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses plummeted to $2.3M in 2022. In general, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 52%. As a result, imports reached the peak of $4.8M, and then dropped notably in the following year.

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

1. China (156.0 tons)
2. Brazil (38.0 tons)
3. Mexico (12.9 tons)
4. Germany (10.2 tons)

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

In 2021, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses from Chile shrank notably to 999 kg, reducing by -67.8% compared with the previous year. In general, exports saw a precipitous decrease.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses shrank remarkably to $19K in 2021. Over the period under review, exports saw a significant decline.

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

1. Peru (767.0 kg)
2. Bolivia (232.0 kg)

Source: IndexBox Market Intelligence Platform