For the Quarter Ending June 2023

North America

The US market experienced a decline in the price of Aluminium Ingot caused by surplus availability of imported Aluminium Ingot at a cheaper price, leading to the reduction in offer prices by local mills. In May, the simultaneous downfall of major banks in the USA caused a drastic effect on the marketing condition leading buyers to hold back from placing orders. This, coupled with rising fears of dwindling Aluminium Ingot prices led to high inventory levels. Consequently, the US government imposed countervailing duties on imported Aluminium Ingots provoking local buyers to increase consumption of locally manufactured Aluminium Ingot. The prices of Aluminium Ingot (99.9%) for DEL Alabama (USA) settled at USD 4198/MT in Q2 ending June.

Asia Pacific

The Chinese Aluminium Ingot market showed a bearish trend in Q2 due to decreased downstream demand and increased supply amid higher production rates in local mills. The decrease in feedstock Alumina prices and slowing down of destocking of Aluminium Ingot caused increased inventory levels and minimal orders from buyers. The use of recycled Aluminium increased due to lower CO2 emission motives, leading to a decline in demand and price of Primary Aluminium Ingot produced in the Chinese industries. The prices of Aluminium Ingot (99.9%) for Ex Shanghai (China) settled at USD 2625/MT in Q2 ending June.

Get Real Time Prices of Aluminium Ingot: https://www.chemanalyst.com/Pricing-data/aluminium-ingot-1351

Europe

The German Aluminium Ingot market experienced a downtrend in prices due to decreased downstream demand and increased supply, causing a slowdown in sales and a pessimistic market sentiment. Technological advancement and structural changes resulted in reduced production costs and lowered the Aluminium Ingot price. The US government's tariff imposition due to increased local inventory levels led to reduced export quantity and, coupled with the increase in interest rates, resulted in a plummeting Aluminium Ingot price. The downstream automobile and construction sectors also showed a decline in the operation rate, reducing Aluminium Ingot consumption. Increased imports from Chinese suppliers caused an oversupply in local inventories leading mills to reduce the offer price for Aluminium Ingot in the German spot market. The prices of Aluminium Ingot (99.9%) for FD-Bad Berleburg (Germany) settled at USD 3091/MT in Q2 ending June.

About Us:

ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.

Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.