Product
Aluminium Alloy Ingot Price Trend and Forecast
Aluminium Alloy Ingot Price Trend and Forecast
Regional Price Trend
Get the latest insights on price movement and trend analysis of Aluminium Alloy Ingot in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Aluminium Alloy Ingot Price Trend for the First Half of 2023
Asia
The Asia-Pacific market witnessed stability in the prices of aluminium alloy ingot in the first quarter of 2023 as the level of inventories and demand for the product maintained a perfect balance. But soon enough, due to the sliding rates of production, the rising level of inventories, and the fall in the prices of aluminium scrap, the price trend of aluminium alloy ingot struggled to maintain its momentum. In the second quarter, the aluminium alloy ingot market faced challenges from the sluggish demand and high cost of import materials. The overseas market, however, showcased some positive sentiments, but the restricted supply led to a fall in the prices of aluminium alloy ingot.
Europe
In the first quarter of 2023, the price trend of aluminium alloy ingot was stabilized with support from the slow supply to balance the demand from the end-user industries. The demand from Asian countries also inclined after a long holiday season. Thus, the price trend of aluminium alloy ingot surged in the second quarter. In addition to these factors, the price trend was also supported by the restricted supply and strong demand from the downstream industries. But the financial constraints from the US banking crises and low consumption in the North American states restricted the growth of the aluminium alloy ingot price trend.
North America
The first quarter of 2023 proved to be positive in terms of the prices of aluminium alloy ingot as the demand from Chinese sectors and the imposition of sanctions on Russian imports supported the aluminium alloy ingot market. However, in the second quarter, the price trend stabilized due to fluctuations in the labor market and low procurement of products by the buyers. The supply and demand equilibrium struggled throughout the quarter to maintain its momentum, and the rising inflation along with ongoing financial crises proved to be a huge block in the upward movement of the prices of aluminium alloy ingot.
Analyst Insight
According to Procurement Resource, the price trend of Aluminium Alloy Ingot is estimated to showcase an oscillating trend as the supply-demand dynamics seem to be uncertain amid the global financial crises and restricted imports from the Russian industries.
Procurement Resource provides latest prices of Aluminium Alloy Ingot. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
A solidified and ingot shaped blend of aluminium with other elements results in aluminium alloy ingot. The process of melting and casting is employed in the manufacturing of this alloy. The alloy has high strength, corrosion resistance, and lightweight. It is thus extensively used in industries such as automotive, aerospace, construction, and electronics for creating a wide range of products, from vehicle components to architectural materials, owing to their versatility and ability to be tailored to meet various application requirements.
Product Details
| Report Features | Details |
| Product Name | Aluminium Alloy Ingot |
| Industrial Uses | Automotive industry, Aerospace industry, Medical devices, Energy industry, Railway and transportation, Marine industry |
| CAS Number | 7429-90-5 |
| HS Code | 76012010 |
| Supplier Database | Alcoa Inc., Rio Tinto Group, Aluminium Corporation of China Limited, RUSAL Plc, Norsk Hydro ASA |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
In this multi-step process, the batching of raw materials is carried out which is then subjected to melting, slag removal, and sampling. The product obtained is then mixed with other metals in accordance with the alloy composition. In the last steps, the raw product is refined and casted onto ingots to finally give the final product.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Table Of Contents
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