Aluminium Ingot Prices, Pricing, Trend, Demand & Supply, Market Analysis | ChemAnalyst
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 feed...