Product
Inconel Price Trend and Forecast
Inconel Price Trend and Forecast
Regional Market Overview
Get the latest insights on price movement and trend analysis of Inconel in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Inconel Price Trend for the H1 of 2023
Asia
A mixed trend in the prices of Inconel was observed in the first two quarters of 2023. Initially, the market was significantly affected by the lower production rates due to the onset of the Chinese Lunar New Year holidays, but within the subsequent months, the prices of raw materials inclined that had a positive influence on the price trend of Inconel. However, in Q2, the prices began to decline due to falling raw material costs and reduced demand from the propeller blades and motor sectors.
Europe
The European region witnessed a rise in the demand for raw materials used in Inconel production which drove their prices that in turn had a positive influence on the market of Inconel. Along with this, the increase in demand from overseas buyers, a stable trend in energy production costs, and optimistic sentiments of the European market fueled the growth of the Inconel market in a positive direction.
North America
A stable trend in the prices of Inconel was observed in the North American region. The market for Inconel was affected by the falling spot premiums, dwindling raw materials costs, and fluctuating market sentiments. In addition to this, the purchasing potential of the buyers was also stagnant, and the rising interest rates further added pressure on the Inconel prices.
Analyst Insight
According to Procurement Resource, the price of Inconel is expected to remain uncertain in the upcoming quarter. Given the current trading environment, the demand sector and oscillating costs of raw materials will likely affect the Inconel market.
Procurement Resource provides latest prices of Inconel. 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
A series of nickel-chromium-based superalloys known as Inconel is renowned for its excellent resistance to oxidation, corrosion, and high temperatures. In these alloys, nickel and chromium are frequently present in high concentrations, along with small amounts of additional metals including iron, molybdenum, and niobium. Inconel alloys are ideal for severe settings including gas turbine engines, aircraft components, and nuclear reactors because of their exceptional strength and ability to preserve structural integrity at high temperatures.
Their usage in chemical processing, maritime applications, and heat-treating equipment is made possible by their resistance to oxidation and various corrosive fluids. The combination of Inconel's attributes makes it a dependable material under extreme high-temperature conditions.
Product Details
| Report Features | Details |
| Product Name | Inconel |
| Chemical Formula | (Ni, Cr, Fe)x(Nb, Mo, Ti)y |
| Industrial Uses | Aerospace components, Gas turbines and power generation, Chemical processing, Catalyst support grids, Nuclear reactors |
| HS Code | 75062000 |
| Supplier Database | JLC Electromagnet Pvt. Ltd, Wanlutong Metal Group, VDM Metals Group, ATI , Nippon Steel Corporation, Sumitomo Corporation, Haynes International, HY Industry |
| 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
A superalloy called Inconel is mostly made of nickel and chromium. Other metal elements included in it include phosphorus, iron, molybdenum, aluminum, copper, etc. The metal alloy is produced commercially using the powder-bed additive manufacturing technique, which involves employing a heat-producing power source, such as a laser or thermal print head, to transform the metal from powder to a material for three-dimensional structures. Selective laser sintering, electron beam melting, and binder jetting are metal manufacturing processes that can handle Inconel alloy.
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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