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In South America, Copper Rod price witnessed a plunging trend during the second quarter of 2022. According to market participants, declining Chilean production activity and variance with locals near copper mines in Peru have worsened supply crises. Due to water scarcity in Chile's Antofagasta and Atacama regions, manufacturers must rely on seawater and desalination plants.<br><br>https://www.chemanalyst.com/Pricing-data/copper-rod-1360
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Copper Rod Price Trend and Forecast In South America, Copper Rod price witnessed a plunging trend during the second quarter of 2022. According to market participants, declining Chilean production activity and variance with locals near copper mines in Peru have worsened supply crises. Due to water scarcity in Chile's Antofagasta and Atacama regions, manufacturers must rely on seawater and desalination plants. In addition, Chilean state-owned copper mining company Codelco announced the closure of its Ventanas smelter, which had been closed for maintenance and operational adjustments following a recent environmental incident that sickened dozens in the region. Meanwhile, the Peruvian copper mine Las Bambas has been closed for more than two months, resulting in the layoff of approximately 3,000 miners. The suspension has disrupted Minerals and Metals Group's (MMG) supply of Copper raw materials and caused delays in delivering long-term Copper concentrate orders to some Chinese smelters, potentially affecting some Chinese smelters' long-term bookings in the second half of the year. https://www.chemanalyst.com/Pricing-data/copper-rod-1360
During the second quarter of 2022, Copper Rod pricing in the Chinese market During the second quarter of 2022, Copper Rod prices in the Chinese market were on the plunge. The continued domestic pandemic in April reduced market demand, hampered logistical transportation, and noticeably decreased operating rates for downstream processing companies. Investors were concerned about stagflation as US stocks declined, the US dollar index increased, and the month of May saw both. Additionally, the current domestic epidemic keeps the demand for copper low, and the market is unenthusiastic. The low global copper inventory has eroded the support for copper prices. Fundamentally, concentrate supply is adequate, spot processing costs are consistent, and demand is moderate. Multiple spot transactions of copper ores between smelters and mines occurred in the market, with the traded Copper concentrate treatment charges (TC) and traded sources scheduled to ship in August and September. Domestic smelters and merchants primarily traded in mixed and non-standard copper ores. https://www.chemanalyst.com/Pricing-data/copper-rod-1360
Free search Prices of Copper Rod online market The European copper Rod market declined due to low demand and few regional transactions despite inflationary pressures and supply constraints. Market players claim that the argument for the Federal Reserve's strong stimulus to reduce price coercion has been strengthened by mounting inflationary pressures in the US, escalating concerns of a recession. During the second quarter of 2022, Copper Rod prices in the Chinese market were on the plunge. The continued domestic pandemic in April reduced market demand, hampered logistical transportation, and noticeably decreased operating rates for downstream processing companies. Investors were concerned about stagflation as US stocks declined, the US dollar index increased.
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