The latest report by IMARC, titled "Aluminium Sheet Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of Aluminium Sheet prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Aluminium Sheet Prices December 2023:
- United States: 16156 USD/MT
- China: 2681 USD/MT
- Germany: 11728 USD/MT
- UAE: 3261 USD/MT
Report Offering:
- Monthly Updates: Annual Subscription
- Quarterly Updates: Annual Subscription
- Biannually Updates: Annual Subscription
The study delves into the factors affecting Aluminium Sheet price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://imarcgroup.com/aluminium-sheet-pricing-report/requestsample
Aluminium Sheet Price Trend- Q4 2023
The Aluminium Sheet market has been experiencing a dynamic phase, influenced by a variety of factors across different regions. In North America, the market showed signs of overall stability despite a mix of trends throughout the fourth quarter of 2023. Initially, there was a decline in the US spot market prices due to weakened demand from the automotive industry and heightened macroeconomic uncertainty. However, prices surged in the middle of the quarter due to insufficient stock accumulation during the off-season, tighter spreads, and potential inventory squeezes, which triggered an uptick in restocking activity. The Federal Reserve's decision to maintain interest rates pointed towards a recovery in the US economic market, leading to substantial orders from both local and overseas buyers. By December, the consistent trend in Aluminium Sheet pricing reflected a reduction in demand during the winter and holiday season, further exacerbated by disruptions in trade routes including the Panama Canal and the Red Sea, due to drought and rebel attacks. Additionally, supply concerns from Guinea, due to an oil depot explosion coupled with adverse weather conditions, led to decreased demand from the construction sector, ultimately slowing down US manufacturing activity.
The global aluminium sheet market size reached 1.65 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 2.39 Million Tons, at a projected CAGR of 0.042% during 2023-2032. In the last quarter of 2023, the Aluminium Sheet market experienced fluctuations influenced by a variety of factors across different regions, which impacted prices. In the Asia-Pacific region, the market initially showed a positive trend with high prices in China, attributed to favorable domestic policies, low inventories, and anticipated increased consumption. However, the presence of imported sheets and the opening of the import window potentially hindered destocking efforts, although the overall supply and demand imbalance was not significantly pronounced. As the quarter progressed, prices declined in the Chinese spot market due to an increase in the production rate of aluminum sheets, which was spurred by a rise in China's aluminum processing industry PMI. This led to higher domestic inventories, while overseas demand dropped owing to import curtailment efforts by the US and Mexican governments. Trade disruptions, particularly through the Panama Canal and amidst broader economic uncertainties, further contributed to a decline in trade and buyer hesitation. Contrarily, a surge in Aluminium Sheet prices was observed later in November due to increased demand, reduced inventory levels, and trade disruptions in the Red Sea. Favorable weather conditions in China and a global shift towards conventional vehicles post-COP28 stimulated downstream industries, fostering consumer confidence, and encouraging order placements.
In Europe, the Aluminium Sheet market depicted a rising trend influenced by several factors. The German spot market faced supply challenges due to uncertain economic conditions, which led to scarce supply rates. Expectations surrounding European interest rates and fluctuations in the non-ferrous metals market were among the influencing factors. The securing of a long-term power purchase agreement by Hydro Energy highlighted a focus on expanding electricity supply through renewable sources, supporting market optimism. By November, Aluminium Sheet prices in Germany experienced an upturn due to low supply and increased demand from the auto and construction sectors. Challenges such as bauxite scarcity, Panama Canal disruptions, and strong demand from downstream industries fostered an optimistic market sentiment. However, by December, the price of aluminum sheets stabilized as demand weakened due to winter and holiday seasons, compounded by trade disruptions and decreased demand in the construction sector amid adverse weather. Supply challenges, particularly from an oil depot blast in Guinea, further contributed to manufacturing slowdowns across Germany.
Browse Full Report: https://www.imarcgroup.com/aluminium-sheet-pricing-report
Key Points Covered in the Aluminium Sheet Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Aluminium Sheet Prices
- Aluminium Sheet Price Trend
- Aluminium Sheet Demand & Supply
- Aluminium Sheet Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Aluminium Sheet Price Analysis
- Aluminium Sheet Industry Drivers, Restraints, and Opportunities
- Aluminium Sheet News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Browse More Pricing Reports by IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Comments