Aluminum Hydroxide Price Trend and Forecast

Regional Price Overview

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

Aluminium Hydroxide Price Trend for the Second Half of 2023

Asia

The automotive bloom supported the inclination in the prices of aluminium hydroxide during the third quarter of 2023. Further, this accelerated demand from the downstream industries was well balanced by the new mining projects in Australia and sufficient import volumes. In addition to this, the overseas markets also shared a positive outlook as the popularity of cheap Asian products attracted the interest of a number of traders.

Aluminium Hydroxide Price Chart

Aluminum Hydroxide Price Trends

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However, this momentum was contained in the third quarter only, and prices took on a bearish trend in the fourth quarter. Initially, the market worked on the balance of supply and demand, but soon, amid rising challenges in the industrial sector, the supply side of the market overpowered the procurement rates and led to the downfall in the aluminium hydroxide price trend.

Europe

In view of the reduction in the mining initiative in Germany and the ban on Indonesian exports, the European countries struggled with the limited supply of aluminium hydroxide. Amid the supply crunch, the officials considered lifting the ban on Russian imports in order to stabilize the market trajectory.

In addition to this, during the third and fourth quarter of 2023, the demand from the downstream industries such as automotive and construction began to incline swiftly as some relaxation in inflationary pressure and return of consumer interest favored optimistic movement of the market.

North America

The hike in aluminium hydroxide prices was mild in the third quarter but much more significant in the last quarter of 2023. In the first three months of H2 of 2023, the pricing pattern of aluminium hydroxide was favored by the constrained overseas supply and a limited number of inventories.

The economic uncertainties further constrained production activities, pressurizing the already depleting stockpiles of aluminium hydroxide. However, a significant uptick in the trajectory of aluminium hydroxide prices came in the last months on account of the advent of the festive season and depreciation in crude oil prices, along with the expansion of consumer budgets.

Analyst Insight

According to Procurement Resource, the price trend of Aluminium Hydroxide is expected to follow an upward trail in the next quarter as the marco parameters of the market look in favor of the aluminium hydroxide market dynamics.

Aluminum Hydroxide Price Trend for the First Half of 2023

Asia

Aluminum Hydroxide prices depend on that of its feedstocks, bauxite, and sodium hydroxide. Both these commodities observed mixed price patterns in the period under discussion. Bauxite observed muted demand sentiments, whereas sodium hydroxide recorded a fall in prices in the said period.

Overall limited demands were observed from downstream pharma and adhesive industries. Hence, feeble demands and reduced upstream cost pressure aided the downward trajectory of aluminum hydroxide prices. However, some reverse fluctuations were observed only in later Q2.

Europe

In a similar run, Aluminum Hydroxide prices in Europe too kept fluctuating. Both bauxite and sodium hydroxide observed falling trend in prices in the majority of the first half of the year 2022. The Russia-Ukraine conflict pushed Europe into severe economic prices, and Germany even fell into recession. These events impacted trade exchanges and customer behavior. Given these reasons, low demands were observed, resulting in low swinging price trend for aluminum hydroxide.

North America

The North American market behaved no differently than other global markets for Aluminum Hydroxide. Market sentiments were mixed with limited offtakes. Some fluctuations were observed at the quarter shift as downstream industries shook up a little, but overall, the Aluminum Hydroxide market remained afloat.

Analyst Insight

According to the Procurement Resource, the Aluminum Hydroxide market is expected to behave in a similar manner unless some serious shift in supply–demand dynamics takes place.

Procurement Resource provides latest prices of Aluminum Hydroxide. 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

Aluminum Hydroxide is a hydroxide that is used in the metal industry to produce aluminum metal. It is also used in the chemical industry to make aluminum compounds such as aluminum chloride and zeolites. Its other application area in the pharmaceutical industry is as an antacid to neutralise stomach acid.

Product Details

Report Features Details
Product Name Aluminum Hydroxide
Industrial Uses Plastics, Pharmaceuticals, Coatings, Adhesives and Sealants
Chemical Formula Al(OH)3
Synonyms Aluminum trihydroxide, Alumina trihydrate
Molecular Weight 78 g/mol
Supplier Database Aluminum Corporation of China Limited (Chalco), Nabaltec AG, TOR Minerals International Inc., Huber Engineered Materials, LKAB Minerals AB
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


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Production Processes

  • Production of Aluminum Hydroxide via Bayer Process

Commercially available aluminum hydroxide is produced using the Bayer process, which involves dissolving bauxite in sodium hydroxide at temperatures of up to 270 °C (518 °F). The waste solid, bauxite tailings, is removed, and aluminum hydroxide is precipitated from the sodium aluminate solution that remains.

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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