Aluminum Foil Price Trend and Forecast

Aluminum Foil 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

Product Category Region Price Time Period
Aluminum Foil Energy, Metals and Minerals India 3101 USD/MT Q1'24


Stay updated with the latest Aluminum Foil prices, historical data, and tailored regional analysis
 

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.
 

Aluminum Foil Price Chart

Aluminum Foil Price Trend

Please Login or Subscribe to Access the Aluminum Foil Price Chart Data
 

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. 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.

Platform Sample

Please Login or Subscribe to explore our dashboard.

About Aluminum Foil

Aluminum foil, primarily obtained from the multistep refining of bauxite, is employed extensively in the manufacturing, automotive, and construction sectors. Its lightweight composition, coupled with remarkable durability, makes it an optimal choice for diverse packaging needs, offering protection against moisture, oxygen, and light. Aluminum foil possesses resistance to corrosion and chemical reactions and thus can be sustained under challenging environments. Additionally, its recyclability makes it a popular eco-friendly choice.

Aluminum Foil Product Details

Report Features Details
Product Name Aluminum Foil
CAS Number 7429-90-5
Industrial Uses Packaging, Insulation, Electronics, Heat Exchangers, Capacitors, Batteries, Reflective insulation
HS Code 7607
Supplier Database ACM Carcano, Amcor, Eurofoil, Hindalco Industries Limited, Huawei Aluminium , Laminazione Sottile, Shanghai Metal Corporation, UACJ Foil Corporation
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.

Aluminum Foil Production Process

  • Aluminum Foil Production from Bauxite

In the first step, the Bayer process refines bauxite into aluminum oxide through digestion, clarification, precipitation, and calcination. Smelting then extracts pure aluminum from the alumina produced. The alumina is then dissolved in a smelting cell filled with cryolite, where an electric current decomposes it into pure molten aluminum. Further processing includes casting, annealing, and rolling to produce aluminum foil. Rolling reduces the foil's thickness, with lubricants aiding the process. Towards the end of the process, trimming and slitting form the final foil sheets. Foil can undergo additional finishing processes such as coating, lamination, printing, and embossing before packaging.

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).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Table Of Contents

Our Clients

client-image

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.