Aluminum Foil Price Trend and Forecast

Regional Price Overview

Get comprehensive insights into the Aluminum Foil market, with a focused analysis of the Aluminum Foil price trend across Asia, Europe, North America, Latin America, and the Middle East & Africa.

Aluminum Foil Price Trend for the Q1 of 2024

The global aluminum foil market closely follows the trend set by the aluminum production and consumption sectors, and a similar stance was witnessed in the first quarter, too. The global traders noted that the global aluminum market in the first quarter of 2024 might resemble 2023, with stagnant prices attributed to China's economic slowdown in the initial half, particularly the construction. Despite China's efforts to stabilize its property market, a significant recovery was not imminent, although increased demand was noted in solar, electric vehicles (EVs), and transmission infrastructure sectors.

Aluminum Foil Price Chart

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Stricter green regulations, particularly in China, may permanently close fossil fuel-operated smelters, tightening the global supply of aluminum foil. The slowed-down momentum was not only limited to China but was also seen in the rest of the Asia countries.

In India, the aluminum foil industry was able to sustain a constant price quotation of approximately 3101 USD/MT, showing resilience to the depreciating global dynamics. The Western nations continued to avoid Russian aluminum, constituting 6% of global production, further limiting the availability of raw materials in the region.

In China, the average price of aluminum commodities rose towards the end phase of the first quarter. This uptick was influenced primarily by the expectations of a Federal Reserve interest rate cut in June, boosting the non-ferrous sector, including aluminum, due to its strong financial attributes. Despite high domestic aluminum supply, downstream production activities resumed after the holiday season, and positive consumer sentiment buoyed demand.

Notably, aluminum foil, along with other sectors like aluminum profiles and plates, witnessed a gradual recovery in production capacity and operating rates. As the traditional peak consumption season approaches, downstream demand for aluminum foil and other aluminum products is expected to improve further, leading to anticipated fluctuations in aluminum prices with short-term strength.

Analyst Insight

According to Procurement Resource, the price of Aluminum Foil is expected to surge in the first month of the next quarter due to the adoption of anti-dumping duties by China and the limited trade of Russian aluminum.

Procurement Resource provides latest prices of Aluminum Foil. 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.