Sulphates; of Copper Price in China - 2023
Contents:
- Sulphates; of Copper Price in China (FOB) - 2023
- Sulphates; of Copper Price in China (CIF) - 2022
- Sulphates; of Copper Exports in China
- Sulphates; of Copper Imports in China
Sulphates; of Copper Price in China (FOB) - 2023
In June 2023, the average sulphates; of copper export price amounted to $2,635 per ton, increasing by 3.6% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 5.3% against the previous month. The export price peaked at $2,891 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($4,567 per ton), while the average price for exports to Cambodia ($2,180 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Copper Price in China (CIF) - 2022
The average sulphates; of copper import price stood at $4,722 per ton in 2022, falling by -10.6% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of copper import price increased by +7.8% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 45%. As a result, import price reached the peak level of $5,282 per ton, and then shrank in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($14,535 per ton), while the price for Russia ($2,931 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Copper Exports in China
In 2022, after two years of decline, there was significant growth in shipments abroad of sulphates; of coppers, when their volume increased by 22% to 12K tons. Over the period under review, exports, however, saw a abrupt decline.
In value terms, sulphates; of copper exports soared to $33M in 2022. In general, exports, however, continue to indicate a perceptible decline.
| Export of Sulphates; of Copper in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 8.5 | 6.2 | 8.3 | 9.3 | 3.0% |
| Myanmar | 0.1 | 1.5 | 1.8 | 3.1 | 214.1% |
| Mongolia | 1.3 | 1.2 | 1.4 | 2.5 | 24.4% |
| South Korea | 1.6 | 1.4 | 1.5 | 2.1 | 9.5% |
| Pakistan | 1.4 | 1.2 | 0.9 | 1.7 | 6.7% |
| Indonesia | 5.7 | 2.9 | 0.4 | 1.6 | -34.5% |
| Papua New Guinea | 1.5 | 1.4 | 1.5 | 1.5 | 0.0% |
| Thailand | 0.6 | 0.8 | 1.7 | 1.4 | 32.6% |
| New Zealand | 0.9 | 1.1 | 1.0 | 0.9 | 0.0% |
| Ghana | 0.2 | 0.1 | 0.3 | 0.6 | 44.2% |
| Malaysia | 3.6 | 0.8 | 0.4 | 0.5 | -48.2% |
| Vietnam | 0.2 | 0.2 | 0.1 | 0.5 | 35.7% |
| Japan | 2.1 | 1.0 | 0.2 | 0.4 | -42.5% |
| Others | 9.6 | 7.9 | 7.0 | 7.4 | -8.3% |
| Total | 37.4 | 27.9 | 26.5 | 33.5 | -3.6% |
Top Export Markets for Sulphates; of Copper from China in 2022:
- Australia (3709.9 tons)
- Myanmar (1210.7 tons)
- Mongolia (928.6 tons)
- South Korea (705.0 tons)
- Pakistan (701.9 tons)
- Papua New Guinea (650.0 tons)
- Indonesia (507.4 tons)
- Thailand (369.0 tons)
- New Zealand (245.0 tons)
- Ghana (222.0 tons)
- Vietnam (172.7 tons)
- Malaysia (146.8 tons)
- Japan (134.2 tons)
Sulphates; of Copper Imports in China
In 2022, purchases abroad of sulphates; of coppers was finally on the rise to reach 1.4K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a drastic downturn.
In value terms, sulphates; of copper imports contracted to $6.8M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. As a result, imports reached the peak of $7.3M, and then contracted in the following year.
| Import of Sulphates; of Copper in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,313 | 944 | 4,016 | 2,928 | 30.6% |
| Russia | 617 | 451 | 225 | 886 | 12.8% |
| United States | 1,310 | 1,706 | 870 | 653 | -20.7% |
| Italy | 111 | 112 | 147 | 107 | -1.2% |
| South Korea | 301 | 166 | 122 | 0.8 | -86.1% |
| Malaysia | N/A | 891 | N/A | 0.1 | -98.9% |
| Cambodia | N/A | 302 | N/A | N/A | 0% |
| Taiwan (Chinese) | 2,048 | N/A | N/A | N/A | 0% |
| Others | 577 | 1,921 | 1,875 | 2,230 | 56.9% |
| Total | 6,276 | 6,494 | 7,255 | 6,805 | 2.7% |
Top Suppliers of Sulphates; of Copper to China in 2022:
- Malaysia (undefined tons)
- Russia (302.4 tons)
- Japan (201.5 tons)
- United States (196.6 tons)
- Italy (15.0 tons)
- South Korea (0.2 tons)
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