News

North America In the second quarter of 2023, the Aluminium Sheet prices showed a bullish price trend in the North American market amid the tight supply and increased demand from the downstream automobile industry. In April, the inventory level declined as the production rate decreased in the local Aluminium Sheet manufacturing plants. The feedstock Aluminium price also surged as the consumption from the downstream automotive industry remained on the higher verge in the local and Overseas aluminum industries. As per market players, the downstream automobile sector experienced an uprise as the sales of electric vehicles increased, which led to increased consumption of Aluminium Sheets in the US automotive market. Infrastructural development and the rising dependency on renewable energy concerning lower CO2 emission increased the usage of Aluminium ingot in the US spot market. According to market players, the buyers were placing large orders, and restocking was observed as the US Alumi...

North America In the second quarter of 2023, the Aluminium Sheet prices showed a bullish price trend in the North American market amid the tight supply and increased demand from the downstream automobile industry. In April, the inventory level declined as the production rate decreased in the local Aluminium Sheet manufacturing plants. The feedstock Aluminium price also surged as the consumption from the downstream automotive industry remained on the higher verge in the local and Overseas aluminum industries. As per market players, the downstream automobile sector experienced an uprise as the sales of electric vehicles increased, which led to increased consumption of Aluminium Sheets in the US automotive market. Infrastructural development and the rising dependency on renewable energy concerning lower CO2 emission increased the usage of Aluminium ingot in the US spot market. According to market players, the buyers were placing large orders, and restocking was observed as the US Alumi...

North America In the first quarter of 2023, the US Aluminium Sheet Prices experienced a bearish market sentiment attributed to higher inventory levels amidst banking turmoil. This was a result of a decline in new orders, lower output, and efforts to reduce inventories. Despite improved supply chains and weaker demand keeping manufacturing price pressures in check, there was a slight increase in input costs and selling prices due to sustained upward wage pressures and elevated raw material prices. Concerns over higher interest rates aimed at curbing inflation weighed on stock markets and boosted the dollar, rendering dollar-priced metals more expensive for buyers. Aluminium sheet prices decreased in March as banking turmoil eased but remained under pressure due to concerns over tighter credit that could limit economic growth and metals demand. The base metals market was impacted by the long-tail effect of Silicon Valley Bank's failure and the banking crisis in Europe and the US, ...

North America Aluminium Sheet prices in the US market showed downward sentiment in the final quarter of 2022 due to lower end-user inventory levels amid bearish sentiment. According to manufacturers, transportation bottlenecks occurred in October caused by a lack of containers, shippers, and truck drivers, and long lead times at ports and other transportation hubs were the primary causes of this tightness. In mid-Q4, headwinds such as the US and LME's ban on Russian aluminium increased the price of an Aluminium sheet. However, during the Thanksgiving holiday, the price of aluminium ingots fell. According to some market participants, the benchmark aluminium premium for Russian and non-Russian aluminium continued to diverge, particularly in light of renewed market speculation that the US may ban Russian aluminium. Alcoa, the largest aluminium producer in the United States, had warned investors that rising energy and raw material costs, as well as a drop in aluminium prices, were p...

North America Due to consistent demand from the Aluminium sector, Bauxite prices in North America increased throughout the third Quarter of 2022. At the termination of Q3 of 2022, the local market had limited supply and strong demand because of port congestion at the container terminals of the US west coast and high inflationary costs pressure on the commodity market amid a rise in the upstream energy values. The prices were also impacted by the increasing demand from the downstream industries, including metallurgy and chemical industries. Meanwhile, traders indulged in making sales at high-profit margins by passing the cost burden to the customers in the domestic market.   APAC The Bauxite prices showed an upward trend with increased downstream demand during the third Quarter of 2022. The commodity prices on the spot market rose with Aluminium Sheet Price in the APAC region. The Indonesian government will stop the Bauxite cargo movement at the end of 2022, pushing downs...