Aluminium Sheet Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Aluminium Sheet in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Aluminium Sheet Price Trend for the October - December of 2023

Asia

The historical data of aluminium sheet prices from the previous quarters showcased a significant appreciation, and the fourth quarter of 2023 was not different from them. During the mid of the quarter, China started focusing on green ways of synthesis of aluminium sheet and its related products as the conventional methods fell short in front of the growing demand for aluminium sheet.

Aluminium Sheet Price Chart

Aluminium Sheet Price Trends and Forecast

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Further, many Russian manufacturing giants moved towards Asian countries for their supply of raw materials, which additionally assisted in the rise in the prices of aluminium sheets. However, the strengthening of the US dollar in comparison to the Asian currency added some resistance to this growing trend.

Europe

The push up in the prices of aluminium sheets was not only limited to Asian countries. In Europe too, the bloom in the automotive sector and moderate demand from the manufacturing industries worked in favor of the prices of the aluminium sheet.

However, the traders feared that the recovery of the aluminium sheets market was not as strong as expected compared to the previous year. Further, the economic pressure that Europe faced during the past few months was visible in the trajectory of the prices of aluminium sheet in the fourth quarter.

North America

In North America, the influence of demand for aluminium sheet was much lesser as compared to the impact of the global economy. The federal government has shut its gates of any economic relief to the consumers and manufacturers, which in turn led to the closure of several production units. The debt ceiling rose and raised concerns over the lower appetite of consumers, and thus also hinted at the downfall of the prices of aluminium sheet.

Analyst Insight

According to Procurement Resource, the Aluminium Sheet price trend are expected to be driven by the automotive industries and the expansion of Russian trade toward Asian countries.

Aluminium Sheet Price Trend for the July-September of 2023

Asia

Despite the negative influence of a number of factors, the aluminium sheet price trend were able to maintain a stable trajectory in the third quarter of 2023. The market activities were hampered by the weak demand and lower purchasing potential of consumers.

Along with this, the plunging economic conditions and the steep rate of decline of feedstock costs also proved to be a challenge for the outlook of the aluminium sheet price graph. However, on the other hand, the positive rate of production, improvement in the sales of the automotive sector, and increased interest of consumers in the electric vehicle sector supported the upwards trend of aluminium sheet prices.

Europe

In the initial phase of Q3, the prices of aluminium sheets struggled with poor economic growth and a decline in inventory levels. In addition to this, the restrictions on the export from several Asia Pacific countries reduced the level of stockpiles of aluminium sheets in the region.

The demand scenario for aluminium sheets, especially from the automotive industries, however, grew consistently and supported the northward movement of the aluminium sheet price trajectory. Even in the middle of an economic upturn and fluctuating interest rates, stability in export levels and high demand eventually led to the rise in the prices of aluminium sheets.

North America

The hike in the interest charged by banks and rising inflation rates increased the cost of production and, in turn, the prices of aluminium sheets in the third quarter of 2023. The inclining trajectory of the aluminium sheet price graph was also supported by the growth of eco-friendly automotive products and the rise in the number of sales of electric vehicles. Further, the market also witnessed a rise in the competition levels due to the influx of Chinese imports in the region and thus helped in the upwards movement of aluminium sheet price trend.

Analyst Insight

According to Procurement Resource, the price trend of Aluminium sheets is estimated to follow an inclining trajectory due to the rise in demand for environment-friendly vehicles.

Aluminium Sheet Price Trend for the First Half of 2023

Asia

In the Asian region, aluminium sheet prices were significantly impacted by the price trend of aluminium ingot. In the first quarter, there was a significant reduction in the market activities of the construction industry that hampered the demand for aluminium sheets in the Asia Pacific region. In addition, the rise in labor strikes caused a halt in a large number of orders and caused the price trend of aluminium sheets to fall.

Europe

A southward trajectory in the price trend of the aluminium sheet was witnessed in the European market. The softening demands from downstream industries, and the fear of a spike in prices reduced the confidence of buyers in this sector.

The supply of material in the first quarter also remained constrained due to a lack of support from Russia’s metal industry. In the second quarter, the market dynamics overturned as the level of inventories reduced and the cost of production rose. In addition, the cost of feedstock materials and improving market sentiments of the automotive sector also supported the incline in prices of aluminium sheets.

North America

The huge fall in the banking sector of North America caused an adverse effect on the price trend of aluminium sheets in the first quarter of 2023. As a result, the number of new orders fell and demand from the downstream industries remained weak throughout the quarter.

The graph of inflation in North America rose, and hikes in interest rates further added to the injury. However, the trend inclined in the second quarter due to improvement in the market dynamics of the downstream industries and a gradual reduction in the level of inventories. In this quarter, the prices of feedstock also supported the trend of aluminium sheets.

Analyst Insight

According to Procurement Resource, the price trend of Aluminium Sheet is expected to showcase a mixed trajectory as the downstream sector is showing improvements, but the rising inflation and interest rates will likely impact the global market.

Procurement Resource provides latest prices of Aluminium Sheet. 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.

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About

Aluminium sheets are flat, thin, rectangular shaped sheets of aluminium used widely in various industrial processes. Aluminium metal gives them light-weight and corrosion resistance. These sheets come in different thickness and sizes as they are malleable that allows them to take various shapes and sizes according to application. They find use in aerospace, automotive, construction, packaging, electronics, transportation, and other industries due to their favorable properties, such as lightweight, durability, and resistance to corrosion and environmental factors.

Product Details

Report Features Details
Product Name Aluminium Sheet
Industrial Uses Construction industry, Transportation, Electronic castings, Construction, Automotive panels, Aerospace sector
Supplier Database Alcoa Inc, Borsk Hydro ASA, Zhejiang Hanlv Aluminium Industry Co Ltd, Shandong Sino Steel Co Ltd, Novelis Inc, Richard Austin Alloys
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

The collection of hot molten aluminum from ingots is the first step in the process. The molten substance is the starting point for the production of aluminum sheets. After collecting the molten matter, it is rolled in rollers under regulated temperature and high pressure, causing the aluminium matter to take on the required shape and thickness. The thickness can range from 0.2mm to 6.5mm. The hot rolling process ultimately yields aluminum sheets, which are then processed and passed through the packaging process.

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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