Free The Prices of Copper Plate in the Global Market New York
- Location: New York, New York, NY, United States
In the final quarter of 2022, the Copper Plate prices showcased a rising trend in the US market, despite rising interest rates and a mixed downstream demand outlook. Copper prices fluctuated due to fears of a global recession as inflation in North America reached double digits in Q4. The supply outlook remained bleak in October, as lower prices were insufficient to spur new manufacturing investment. According to buyers, copper prices rose in mid-Q4 alongside global stock markets as investors believed that central banks would slow the pace of interest rate rises, and the dollar fell, making dollar-priced commodities less expensive for buyers using other currencies. In the absence of any changes in the base metals that indicated a continuation of sideways movement, the copper plate market remained uncertain amid global conflicts and the US midterm elections. Buyers reported that the physical trade had been extremely quiet and would continue to be so until the end of the year. As a result, domestic buyers chose to adopt a conservative approach. Thus, the Copper Plate (C 11000) discussions for Ex Alabama (USA) settled at USD 12383/MT.
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