During the first half of 2023, copper plate costs experienced fluctuations across different regions. In the Asia Pacific, prices surged due to increased orders, limited supply, and strong consumer demand, supported by a balance in supply and demand alongside government policies. Europe saw a similar rise owing to depleted inventories, expensive raw materials, and restricted Russian supply. Although the market stabilized in the second quarter, factors like a robust Euro, supply-demand equilibrium, and heightened consumption by copper plate mills maintained prices. In North America, while the construction and machinery sectors initially drove prices up, economic uncertainties caused stabilization in Q2. Market crises affected buyer confidence, impacting the prices of copper plates.
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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 analysis, 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 a pivotal role across various industries thanks to their outstanding characteristics. Within the realm of electrical and electronics, they form the backbone of wiring, cables, connectors, and printed circuit boards owing to their exceptional electrical conductivity. In construction, these plates are chosen for roofing, gutters, and cladding due to their resistance to corrosion and their appealing appearance. The healthcare sector benefits from their antimicrobial nature, making them a prime choice for medical equipment and fixtures. In automotive engineering, copper plates are utilized in radiators and electrical components to harness their impressive thermal conductivity. Additionally, their flexibility lends itself well to artistic endeavors. Overall, the multitude of qualities exhibited by copper plates makes them indispensable in shaping contemporary 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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