|
Aluminium
Sheet prices in the US market showed downward sentiment in the final
quarter of 2022 due to lower end-user inventory levels amid bearish sentiment.
According to manufacturers, transportation bottlenecks occurred in October
caused by a lack of containers, shippers, and truck drivers, and long lead
times at ports and other transportation hubs were the primary causes of this
tightness. In mid-Q4, headwinds such as the US and LME's ban on Russian
aluminium increased the price of an Aluminium sheet. However, during the
Thanksgiving holiday, the price of aluminium ingots fell. According to some
market participants, the benchmark aluminium premium for Russian and
non-Russian aluminium continued to diverge, particularly in light of renewed market
speculation that the US may ban Russian aluminium. Alcoa, the largest aluminium
producer in the United States, had warned investors that rising energy and raw
material costs, as well as a drop in aluminium prices, were putting pressure on
margins. Many end users began their new year's vacation earlier than usual this
year, despite a slowdown in demand for aluminium sheets. For more information E-Mail:- sales@chemanalyst.com websites:- https://www.chemanalyst.com/Pricing-data/aluminium-sheet-1493 Contact No:- +13322586602
|
|
|
