Aluminium Ingot Price Trend and Forecast

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Aluminium Ingot Price Trend and Forecast

• In the US market, Aluminium Ingot price witnessed
  an upsurge amidst the fears of recession during
  the third quarter of 2022. According to market
  participants, gliding energy costs now
  significantly impact aluminium smelters more than
  ever before. As a result of the ripple effect,
  the aluminium smelters raise their production
  costs, affecting the Aluminium prices. Aluminium
  prices, on the other hand, rose earlier in the
  session due to LME production curtailment amid
  rising energy costs but succumbed later to
  macroeconomic pressures as weak growth means
  lower demand for base metals used in many
  industries. When the dollar is strong, metals
  traded in US dollars are more expensive to
  holders of other currencies, and rising interest
  rates and weak global demand have all weighed on
  industrial metal prices. As a ripple effect, the
  Aluminium Ingot (99.9) prices for CFR Albama
  Port (USA) settled at 3820/MT. 
• https//www.chemanalyst.com/Pricing-data/aluminium
  -ingot-1351

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New Updated Aluminium Ingot Prices Online
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Aluminium ingot Pricing in the Chinese Market

• Aluminium ingot pricing in the Chinese market
  showed a mixed trend due to fluctuating demand
  and higher inventory levels. According to market
  participants, the supply of aluminium ingots is
  still increasing, while the most recent inventory
  statistics show that inventories of aluminium
  ingots have stopped falling, indicating the
  impact of the seasonal low in July. Furthermore,
  base metal prices were under severe pressure as
  increasingly hawkish central banks harmed the
  global outlook for construction and manufacturing
  activity. At the same time, Chinese smelters
  increased output as factories resumed operations
  with increased capacity following Covid
  lockdowns. Domestically, high temperatures
  combined with scarce rainfall weighed heavily on
  aluminium production in Sichuan, where almost all
  smelters suspended production activity, resulting
  in a loss of about 1 million mt. Traders are
  aware of the market's concerns about falling
  aluminium supply, which could push up aluminium
  prices, but in the long run, demand will remain
  weak, and aluminium prices will face downward
  pressure once production resumes in the region.
  Thus, the Aluminium Ingot (IC 20) discussion for
  Ex Shanghai (China) settled at USD 2749/MT.
• https//www.chemanalyst.com/Pricing-data/aluminium
  -ingot-1351

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Aluminium Ingot Supply in Global Market Online
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During the third quarter of 2022, The Aluminium
Ingot Prices

• During the third quarter of 2022, the Aluminium
  Ingot prices surged owing to the bullish demand
  outlook in the European region. As per market
  players, the production activity fell in the
  European market during Q3 amidst skyrocketing
  energy costs. Overall, aluminium production has
  been limited recently, leading to a decline in
  supply. In the short term, traders should be
  aware of the market's concerns about falling
  aluminium supply, which may push up aluminium
  prices however, demand will continue to be
  sluggish in the medium to long term, and
  aluminium prices will face downward pressure once
  production resumes in the future. In mid-August,
  Norsk Hydro announced its production suspension
  plans for an aluminium smelter. Market players
  cite that surging energy costs have induced
  temporary shutdowns of smelters in European
  regions, supporting the recent uptick in base
  metal prices. As a result, the Aluminium Ingot
  (99.9) prices for FOB Hamburg (Germany) settled
  at USD 3658/MT.
• https//www.chemanalyst.com/Pricing-data/aluminium
  -ingot-1351

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Demand of Aluminium Ingot Online
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Aluminium Ingot Price Trend and Forecast
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In the US market, Aluminium Ingot prices
witnessed an upsurge amidst the fears of
recession during the third quarter of 2022

• In the US market, Aluminium Ingot prices
  witnessed an upsurge amidst the fears of
  recession during the third quarter of 2022.
  According to market participants, gliding energy
  costs now significantly impact aluminium smelters
  more than ever before. As a result of the ripple
  effect, the aluminium smelters raise their
  production costs, affecting the Aluminium prices

• Aluminium ingot prices in the Chinese market
  showed a mixed trend due to fluctuating demand
  and higher inventory levels. According to market
  participants, the supply of aluminium ingots is
  still increasing, while the most recent inventory
  statistics show that inventories of aluminium
  ingots have stopped falling, indicating the
  impact of the seasonal low in July.

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