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Aluminium Alloy Ingot Prices Ease in China, Shows Resilience in the US and Germany
Aluminium Alloy Ingot Prices Ease in China, Shows Resilience in the US and Germany

Aluminium Alloy Ingot Prices Ease in China, Shows Resilience in the US and Germany

  • 01-May-2024 4:25 PM
  • Journalist: Robert Hume

Aluminium Alloy Ingot prices in the US held steady as of April 19th due to stable market dynamics. Similarly, German spot market rates remained unchanged, reflecting consistent demand and supply conditions. In contrast, Chinese prices dropped amid reduced freight costs and increased imports, leading to higher stock levels. The absence of major projects impacting demand has led buyers to adopt a cautious stance. Overall, the US and German markets show stability, while China experiences a slight decline in Aluminium Alloy Ingot prices.

The prices of Aluminium Alloy Ingots in the US domestic market maintained their stability as of April 19th. This stability is attributed to ongoing market dynamics and conditions, with prices reflecting a consistent trend observed over the past week. The lack of significant changes in supply and demand has contributed to this stability, particularly impacting Aluminium Alloy Ingot prices for DEL Alabama (USA) on April 19th.

Aluminium Alloy Ingot rates in the German spot market have remained steady when compared to the previous week. The prices of these ingots have stayed consistent with the trend observed in the past week, mainly because there haven't been any substantial alterations in demand and supply that would affect the final pricing. As a result, in FD-Willich (Germany), the prices have held firm without significant fluctuations.

Aluminium Alloy Ingot prices in China fell during the week ending on April 19th, while freight expenses from Northern Europe to China and East Asia decreased by around 8%. This period also witnessed a notable uptick in China's Aluminium imports, unprocessed materials, and alloyed Aluminium ingot, resulting in increased stocks in the country. Interestingly, there were no new projects reported that could impact the demand for Aluminium Alloy Ingot, prompting buyers to exercise caution and adopt a "wait and see" approach. Together, these factors combined to bring about a 0.5% decline in Aluminium Alloy Ingot prices.

As per ChemAnalyst, strong uptrend in Aluminium Alloy Ingot trading is expected in the US market in the near term which may lead to higher prices. In Germany, fluctuating energy prices may contribute to higher costs for Aluminium Alloy Ingot due to concerns about limited availability. China's optimistic purchasing patterns and growing demand may further elevate Aluminium Alloy Ingot prices. Additionally, the rising feedstock costs may add pressure to production expenses associated with Aluminium Alloy Ingot. These factors collectively may increase prices across various markets, reflecting the dynamic nature of the Aluminium Alloy Ingot industry influenced by supply-demand dynamics.

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