Aluminium Sheet Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst
For the Quarter Ending June 2023 North America: During Q3 2023, the Aluminum Sheet market in the USA exhibited a consistent pricing trend. Initially, prices surged in response to an interest rate hike by the US Federal Reserve aimed at curbing inflation and stimulating demand. The growth of the photovoltaic system industry further fueled consumption, and Alcoa's initiatives in energy transition and mining activities in Australia provided additional market momentum. However, the market faced challenges with low supply due to reduced local production and export restrictions imposed by Indonesian suppliers. Tesla's robust sales of electric vehicles, particularly in the automotive sector, drove demand, supported by bulk orders and new business from Arco Industry. Despite these positive factors, prices remained stagnant in August, attributed to lower demand from downstream industries and economic uncertainty. Aluminum sheet supply remained stable, with increased Bauxite imports f...