Copper Wire Prices Trend and Forecast - Noida

In the final quarter of 2022, Copper Wire prices showcased a rising trend in the North American market owing to the rising interest rates and inflationary pressure. Copper prices fluctuated due to fears of a global recession as inflation in North America reached double digits in Q4. In October, the supply outlook remained bleak, as lower prices were insufficient to stimulate new manufacturing investment. Copper prices rose in the middle of the fourth quarter as investors proclaimed that central banks would slow the pace of interest rate hikes. Smelter transactions, on the other hand, increased in December as a result of replenishment requirements following supply issues, as well as slow discussions of annual term contracts, which increased demand for spot cargoes. The copper wire market remained uncertain amid global conflicts and the US midterm elections in the absence of any changes in the base metals that indicated a continuation of sideways movement. According to buyers, the physical trade has been extremely quiet and will remain so until the end of the year.

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