Product
Aluminium Scrap Price Trends and Forecast
Aluminium Scrap Price Trends and Forecast
Aluminium Scrap Price Trend
Get the latest insights on price movement and trend analysis of Aluminium Scrap in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Aluminium Scrap Price Trend for the First Half of 2023
In the first quarter of 2023, the demand for aluminium scrap declined by almost 4 percent as compared to the previous quarters in the US and Canadian markets. However, the market conditions were still stable as compared to the previous quarters due to the increased interest of utility companies and the government in the electrical grid systems. In addition to this, the rates of exports to international buyers also inclined several folds while the import rates declined significantly, providing the falling market dynamics of aluminium scrap a cushion.
The situation in European countries was also the same as seen in the US and Canada. The main cause of fluctuations in the prices of aluminum scrap in this region was the low inflow of the product. The backlog of new orders placed continued to hamper the growth of the aluminium scrap price trend in the first two quarters of 2023. Further, the consumer sector in the region also seemed under the pressure of poor performance of the economy, rising interest rates, and soaring costs of energy production, which eventually led to a fall in the index of consumer purchasing potential.
Analyst Insight
According to Procurement Resource, the price of Aluminium Scrap is expected to follow an oscillating trajectory as the consumers seem to be suffering from uneven market conditions and negatively sliding economic conditions.
Procurement Resource provides latest prices of Aluminium Scrap. 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
Aluminium scrap refers to discarded or recycled aluminum-containing materials and products that are no longer needed for their original purpose. It encompasses a wide range of aluminum-based items, including old machinery, vehicles, packaging materials, construction components, and various consumer goods that have reached the end of their useful life. Aluminum scrap is collected and processed through recycling facilities to recover the aluminum content, which can then be melted down and reused in various industrial applications, particularly in the production of new aluminum products.
Product Details
| Report Features | Details |
| Product Name | Aluminium Scrap |
| Industrial Uses | Aluminium Production, Energy generation, Transport Infrastructure, Automotive Parts, Machinery and equipment |
| HS Code | 76020090 |
| Supplier Database | Sims Metal Management Kuusakoski Recycling DOWA HOLDINGS Co Ltd, Arcelor Mittal S.A., REAL ALLOY Commercial Metals Company, Aurubis AGS TRIMET, Aluminium Nupur Recyclers, Arfin India Ltd |
| 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.
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).
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