The price of aluminum scrap in the USA reached 1786 USD/MT by December of 2023, the fourth quarter.
The latest report by IMARC Group, titled “Aluminium Scrap Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Aluminium Scrap Price Trend. This report delves in globally, presenting a detailed analysis, along with an informative Aluminium Scrap Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Aluminium Scrap Prices December 2023:
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The study delves into the factors affecting Aluminium Scrap price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Aluminium Scrap Price Trend- Q4 2023
The aluminium scrap industry is primarily driven by the increasing demand for sustainable and cost-effective materials in various industries. Aluminium recycling is highly energy-efficient, requiring only about 5% of the energy needed to produce primary aluminium from bauxite ore, making it an economically attractive option for manufacturers. The automotive industry has catalyzed market growth as it seeks lightweight, recyclable materials to improve fuel efficiency and reduce emissions. Additionally, the growing preference for recycled aluminium in building materials, owing to its durability and lower environmental impact, fuels demand. Technological advancements in sorting and processing techniques have enhanced the quality and purity of recycled aluminium and have accelerated the product adoption rate. Regulatory frameworks promoting circular economy practices and stringent environmental regulations also encourage the use of recycled materials, propelling the aluminium scrap industry. Furthermore, the rising urbanization and industrialization in emerging economies lead to increased scrap availability and recycling activities, supporting market growth.
During Q2 2024, the aluminium scrap industry witnessed significant fluctuations, influenced by various factors both domestically and internationally. In India, the market was sluggish, with buyers cautious due to a minor drop in LME aluminium prices. This decline was partly due to relaxed import restrictions, which kept prices of imported aluminium scrap stable and low. As a result, sellers had to lower their offers to move inventory, exacerbating the subdued market activity. Domestic prices for ADC12 alloy ingot declined, reflecting a widening scrap-to-alloy price spread and indicating a growing gap between raw scrap and processed alloy prices. Inventory levels in LME-registered warehouses reached their highest since January 2022, adding downward pressure on prices due to an apparent oversupply. Economic conditions in India, particularly a moderation in consumer price inflation due to persistent food inflation, also impacted the market. Despite easing inflation, there was no significant boost in purchasing activity for aluminium scrap, as buyers remained cautious in the face of fluctuating prices and market uncertainty.
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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