Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

The Prices of Aluminium Sheet in the Global Market

% of readers think this story is Fact. Add your two cents.


North America

Aluminium Sheet prices in the US market showed downward sentiment in the final quarter of 2022 due to lower end-user inventory levels amid bearish sentiment. According to manufacturers, transportation bottlenecks occurred in October caused by a lack of containers, shippers, and truck drivers, and long lead times at ports and other transportation hubs were the primary causes of this tightness. In mid-Q4, headwinds such as the US and LME’s ban on Russian aluminium increased the price of an Aluminium sheet. However, during the Thanksgiving holiday, the price of aluminium ingots fell. According to some market participants, the benchmark aluminium premium for Russian and non-Russian aluminium continued to diverge, particularly in light of renewed market speculation that the US may ban Russian aluminium. Alcoa, the largest aluminium producer in the United States, had warned investors that rising energy and raw material costs, as well as a drop in aluminium prices, were putting pressure on margins. Many end users began their new year’s vacation earlier than usual this year, despite a slowdown in demand for aluminium sheets.

Asia Pacific

Aluminium sheet prices in China rose in the fourth quarter of 2022 as domestic pandemic prevention and control measures eased. Downstream operating rates fell in China, partly due to the week-long National Day holiday at the start of the quarter. Furthermore, the resurgence of the pandemic following the holiday disrupted downstream enterprise production in Henan and Shandong, causing industry demand to fall. Furthermore, downstream demand was low during the traditional off-season. Some aluminium processing plants planned to close early to celebrate the Chinese New Year. Aluminum billet conversion margins plummeted to discounts, while aluminium sheet spot premiums plunged and diverged across regions. Premiums in Gongyi fall down due to a drop in terminal demand and orders. Domestic operating capacity increased further in December due to the approaching winter and New Year’s Day, with restarts in Sichuan and Guangxi and new capacity released in Inner Mongolia and Gansu.

Europe

In the German market, Aluminium Wire prices showcased a mixed outlook in the fourth quarter of 2022 amid falling premium costs. Aluminium supplies were intact, as the LME had decided not to ban trading in the metal produced in Russia or store it in its warehouses, as substantial players in the market planned to buy Russian aluminium in 2023. Market participants were concerned about further production cuts in European alumina refineries and aluminium smelters due to rising energy costs. Europe’s refinery and smelter maintenance plans had not returned to normal since the pandemic began. Aluminum manufacturers claimed that the situation was dire; production had been cut by nearly 50%. Due to weak spot demand and falling underlying premiums, market participants noted that a low-carbon upcharge for upstream aluminium billet required significant effort. However, the outlook for downstream demand was bleak; suppliers of aluminium ingots were hesitant to sell inventories at lower prices. The end-of-year restocking drive was unlikely to happen this year. As demand for aluminium ingots fell, many end users started their new year’s vacation earlier than usual.

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.



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.