Product
Aluminium Sheet Price Trend and Forecast
Aluminium Sheet Price Trend and Forecast
Regional Price Trend
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 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.
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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