Product
Monel Price Trend and Forecast
Monel Price Trend and Forecast
Regional Market Overview
Get the latest insights on price movement and trend analysis of Monel in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Monel Price Trend for the H1 of 2023
Asia
A downward trajectory in the prices of Monel was observed in the first two quarters of 2023. The region was adversely affected by the weak demand from the downstream industries. China was slow in its recovery after the upliftment of covid protocols and reduced production activities due to the Chinese New Year holiday season. In addition, the raw material prices also failed to provide the Monel market with the required support, and manufacturers were thus forced to reduce their production costs, which negatively impacted the Monel price trends.
Europe
In the first and second quarters of 2023, the price trend of Monel showcased a see-saw trend. The fluctuations in the costs of raw materials and limited inquiries from the aerospace and chemical industries hampered the movement of the Monel market. However, the reduction in the cost of energy production and increasing consumption of raw materials supported the slight increase in the prices of Monel. But the weak demand sector countered these factors and ultimately led to a mixed trend in the European region.
North America
In North America, the prices of Monel inclined as the market was supported by the cost of raw materials and consistent demand from the downstream industries. The market struggled a little in January due to sluggish demand and poor sales in regional and overseas markets. The market was also affected by the improvement in supply chain dynamics, reduction in input costs, and the rise in wages. Thus, the prices of Monel increased in the first and second quarters of 2023.
Analyst Insight
According to Procurement Resource, the price of Monel is expected to witness a mixed trend in the coming quarter. The raw materials prices and global market dynamics are estimated to guide the Monel price trends in the upcoming months.
Procurement Resource provides latest prices of Monel. 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 class of nickel-copper alloys called Monel are renowned for their outstanding corrosion resistance and high strength. Monel alloys typically consist of 67–80% nickel and 30–33% copper, with trace amounts of iron, manganese, and other metals. They are perfect for chemical and marine applications since they can withstand a variety of corrosive environments, such as acids, seawater, and alkalis. The strong mechanical qualities of Monel alloys at both low and high temperatures make them adaptable for a variety of applications, including valves, pumps, marine machinery, and aerospace parts.
Product Details
| Report Features | Details |
| Product Name | Monel |
| Chemical Formula | Cu (70%) + Ni (30%) |
| Industrial Uses | Ship building, Chemical processing, Oil and gas industry, Engine parts, Electrical connectors |
| HS Code | 75022020 |
| Supplier Database | Arcelor Mittal, Baosteel, JFE Steel Corporation ,Special metals corporation, Mangellan metals, Renine Metalloys, Continental Steel and tube company |
| 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 cladding procedure, which is used to permanently superimpose a layer of Monel onto the pipe or tube being processed, is utilized to prepare the alloy. It is accomplished via mechanical or chemical methods that are applied in commercial applications to lessen wear brought on by material corrosion or abrasion. Monel can be clad in a variety of colors, including white, gray, and black.
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).
Table Of Contents
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