Copper Plate Prices | Demand, Pricing & Supply Analysis | ChemAnalyst

Chemanalyst22 Sep, 2023Business

In the second quarter of 2023, the price of copper plate in the US remained stagnant due to various macroeconomic factors influencing its stability. Initially, there was a price increase as the Producer Price Index unexpectedly declined, relieving some downward pressure on copper plate manufacturing. The supply-demand ratio remained stable, indicating that the US government was nearing the end of an interest rate hike and planning to decrease it in the coming weeks. However, during the latter half of the quarter, the market conditions drastically declined.