123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Global Aluminium Ingot Prices

Profile Picture
By Author: ChemAnalyst
Total Articles: 56
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

North America
In the final quarter of 2022, the Aluminium Ingot prices showcased an up-swinging trend in the US market owing to the limited availability of the product caused by continued tightness in the material's availability. According to manufacturers, the leading cause of this tightness was transportation bottlenecks forced by a lack of containers, shippers, and truck drivers, as well as long wait times at ports and other transportation hubs. In October, the headwinds such as US and LME will ban Russian Aluminium had surged the prices for Aluminium Ingot. However, in mid-Q4, the Aluminium Ingot prices edged down amidst the Thanksgiving holiday. Some market participants cite that the benchmark aluminium premium for Russian and non-Russian Aluminium continued to diverge, especially given renewed market speculation that the US may ban Russian Aluminium. Alcoa, the largest US aluminium producer, had warned investors that high energy and raw material costs and a drop in aluminium prices were putting pressure on margins.

Asia Pacific
In the Q4 of 2022, the Aluminium Ingot prices showcased a stagnancy in their ...
... price trend in the Chinese market as the pandemic continued to limit consumption on demand, and purchases were made in response to rigid demand. Although the Sichuan and Chongqing areas were promoting the process of production resumption, the overall supply had declined. Some smelters in Yunnan province increased production cuts early in the fourth quarter, while recovery in Guangxi and Sichuan provinces was slow. On the demand side, downstream operating rates fell short of expectations during the traditional seasonal highs in October and November. Nonetheless, the demand side-maintained momentum with the fading of previous influencing factors and the policy boost. Aluminum billet conversion margins had fallen to discounts, while spot premiums for Aluminium Alloy Ingot prices also dropped and diverged across regions. During the traditional off-season, downstream consumption was low. Some aluminium processing plants intended to close early for the Chinese New Year.

Europe
In the European market, Aluminium Ingot prices showcased a declining trend in the fourth quarter of 2022 amidst production curtailment and fluctuating demand dynamics. In October and November, market participants were concerned about supply disruptions owing to the explosions at the Nord Stream Pipelines. Manufacturers claimed that the situation in Aluminium was dire; production activity was reduced by nearly 50%. Due to the weak consumer demand and a bleak economic backdrop, Hydro's Karmy and Hydro Husnes Aluminium plants in Norway curtailed production activity. Furthermore, the LME has concluded that it will not ban Russian Aluminium. In December, the ongoing decline in downstream demand, combined with the low-carbon differential, kept the Aluminium Ingot market under pressure. Few sellers and buyers were on scheduled holidays and will enter the market in the first or second week of January. As a result, the FOB Hamburg Aluminium ingot (99.9%) price settled at USD 3521/MT.

ChemAnalyst tackles the primary difficulty areas of the worldwide chemical, petroleum, pharmaceutical, and petrochemical industries, empowering decision-makers to make informed decisions. It examines and analyses geopolitical risks, environmental concerns, raw material availability, supply chain functioning, and technological disruption. It focuses on market volatility and guarantees that clients manage obstacles and hazards effectively and efficiently. ChemAnalyst's primary expertise has been data timeliness and accuracy, benefiting both local and global industries by tuning in to real-time data points to execute multibillion-dollar projects internationally.

Total Views: 74Word Count: 545See All articles From Author

Add Comment

Business Articles

1. Customized Template-avaal Freight Management Suite
Author: Avaal Technology

2. Sunflower Lecithin Liquid - Giiava
Author: philip smith

3. Top Dewatering Contractors | Global Dewatering Experts
Author: Globaldewatering

4. Accountsiq Secures 60m Investment To Embed Ai Into Its Platform And Shape The Finance Function Of The Future
Author: otis

5. Carnauba Wax: The Natural Wonder
Author: Bhoopendra Singh

6. 80% Of Organizations Agree That Inadequate Or Outdated Technology Is Holding Back Innovation
Author: otis

7. United Kingdom Ulcerative Colitis Market: New Insights On Ulcerative Colitis Prevalence And Diagnosis In The United Kingdom
Author: Ben

8. Dance Fitness Classes In Dubai - Pursueit
Author: pursueit

9. Top 10 Most Popular Ukraine Grains Varieties
Author: Tradeimex

10. Photochemical Etching Service Market Analysis, Size, Share, Growth, Trends, And Forecasts 2023-2030
Author: Andy

11. Which Sites Can I Buy Good Clothing At Wholesale Prices?
Author: Kidz William

12. Honouring Memories In Westchester County: A Guide To Choosing The Perfect Memorial
Author: WestchesterMemorials

13. Westchester Memorials: Crafting Timeless Monuments In Westchester County
Author: WestchesterMemorials

14. Cma Us Online Coaching: Your Fast Track To Certification Success
Author: coachingcenters

15. How Business Continuity Management Reduces The Risks And Ensure The Growth?
Author: Emma

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: