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Aluminium Sheet Prices - Sharjah

(New York)

Post #: A44534599
Posted on: 20 March
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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 


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Aluminium Sheet Prices - Sharjah Other

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