AL6XN Plate Price Trend

AL6XN Plate Prices June 2024

The AL6XN plate prices in the United States for Q2 2024 reached 26,010 USD/MT in June. The AL6XN market in the USA during the second quarter of 2024 witnessed sharp price increases, spurred by strong demand in the manufacturing and automotive sectors. Limited supply and high raw material costs further strained the market, resulting in significant price growth. Seasonal construction activities also contributed to heightened demand, intensifying the bullish pricing environment.

The price trend for the AL6XN plate in China for Q2 2024 settled at 18,080 USD/MT in June. China's AL6XN market experienced a steady price decline in Q2 2024, driven by softened demand and persistent supply chain issues. Seasonal slowdowns in construction activities, combined with fluctuating raw material costs, exacerbated the negative sentiment, leading to a consistent decrease in prices throughout the quarter.

In Germany, the AL6XN plate prices for Q2 2024 reached 24,870 USD/MT in June. In Q2 2024, Germany's AL6XN market faced notable price increases, reflecting strong demand from the construction and automotive industries. Despite ongoing supply chain disruptions and rising energy costs, the market maintained a positive pricing trend, underscoring its resilience amid challenging economic conditions.

AL6XN Plate Prices December 2023

The AL6XN plate prices in China for Q4 2023 reached 19750 USD/MT in December. The market saw stable prices despite initial declines due to reduced international demand and anti-dumping actions from Western countries. A late-quarter surge in nickel supply helped stabilize prices, although reduced holiday consumption and trade disruptions subtly influenced market dynamics.

Regional Coverage

The report provides a detailed analysis of the AL6XN plate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the AL6XN plate price trend.

Global AL6XN Plate Price

The report offers a holistic view of the global AL6XN plate pricing trends in the form of AL6XN plate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into AL6XN plate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into AL6XN plate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed AL6XN plate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe AL6XN Plate Price

Q2 2024:

During Q2 2024, AL6XN prices in the European region displayed substantial growth, driven primarily by shortages of critical base materials and rising production expenses. The EU economy contended with increasing power charges and lengthened provider delivery periods, which were further intensified by political issues and distribution interruptions. Freight costs rose as a result of extended transit durations. Despite distribution-side obstacles, the industry maintained an increasing cost pattern, indicating steady need and constrained availability, which upheld elevated price figures throughout the three-month period.

Q4 2023:

The European market in the final quarter of 2023 was characterized by a rising price trend, propelled by heightened demand from the oil and gas piping industries. This surge was partly due to measures taken by major oil producers to enhance output, resulting in abundant oil and gas supplies. The Central Bank in Europe hiked interest rates, which also played a role in spurring local buying activities. However, the supply side faced challenges due to a prolonged shortage of nickel, impacted by sluggish production, particularly in Russia. This scarcity pushed AL6XN prices upward. By the quarter's end, despite some easing in demand and ongoing supply issues, the market's robust demand from key industries maintained upward pressure on prices.

This analysis can be extended to include detailed AL6XN plate price information for a comprehensive list of countries.

North America AL6XN Plate Price

Q2 2024:

During the second quarter of 2024, the North America market encountered notable price accelerations due to interconnected challenges. Limited base material access and the escalating prices of alloy-steel scrap significantly constrained supply. Additionally, accelerated freight costs from the East Asia side pressured the market, elevating AL6XN prices. The USA, in particular, saw the steepest price hikes, driven by robust orders in the automotive and production sectors. sales of newly manufactured vehicles and durable goods orders accelerated, surpassing the available total supply. Periodic patterns also influenced pricing, with rising building projects in the second part of Q2 intensifying demand and leading to a bullish market environment.

Q4 2023:

The North American market experienced an initial rise in October influenced by heightened demands from the automotive and chemical sectors. This was further fueled by a scarcity in key materials such as nickel and steel scraps. The period also saw an increase in bond yields in the United States, which hinted at a strong economic outlook, though unresolved steel disputes between the European Union and the United States lingered. As November approached, expansion announcements from major producers like Outokumpu led to an increase in production and a subsequent dip in prices. By December, despite a growing global nickel mining effort, the influx of cheaper imports from China pressured the domestic markets, leading to a continued decrease in prices due to ample inventory and reduced downstream demand.

Specific AL6XN plate historical data within the United States and Canada can also be provided.

Middle East and Africa AL6XN Plate Price

The report explores the AL6XN plate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on AL6XN plate prices for countries can also be provided.

Asia Pacific AL6XN Plate Price

Q2 2024:

The second quarter of 2024 experienced a decline in AL6XN costs throughout the Asia-Pacific region, primarily driven by disturbances in the supply chain and elevated stock levels. Obstacles such as factory closures and transportation complications increased freight expenses and prolonged delivery schedules. The market encountered weakened demand due to geopolitical conflicts and economic instability, resulting in decreased industrial operations. In China, a pessimistic outlook was apparent as prices steadily dropped, affected by seasonal downturns in construction and variable costs of raw materials. The general market climate stayed adverse, with ongoing supply chain difficulties undermining both confidence and stability.

Q4 2023:

In Asia Pacific, the market was stable in Q4 2023, despite initial fluctuations. Early in the quarter, prices dipped in response to decreased international demand and anti-dumping measures by Europe and the United States, exacerbating the already uncertain supply of nickel and steel scrap. Stocks of iron ore also dwindled to a seven-year low in China. As the quarter progressed, the surplus in nickel supply and a reduction in consumption rates contributed to a downward trend in AL6XN prices, despite temporary cost reductions linked to reduced production costs and excess coal stocks. The quarter rounded off with stable AL6XN pricing, amidst a backdrop of global demand shifts, holiday consumption slowdowns, and trade disruptions.

This AL6XN plate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America AL6XN Plate Price

The analysis of AL6XN plate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

AL6XN Plate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “AL6XN Plate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of al6xn plate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of al6xn plate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of al6xn plate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing al6xn plate price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

AL6XN Plate Market Analysis

The global AL6XN plate market size reached 21.4 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 28.2 Thousand Tonnes, at a projected CAGR of 3.10% during 2023-2032.

• The exceptional corrosion resistance properties of the AL-6XN plate represents one of the key factors influencing the growth of the market across the globe. The increasing demand for AL-6XN plates in various industries like chemical processing, marine, and pharmaceuticals to withstand corrosive environments is driving the market growth. According to High Purity Systems, Inc., with 2-4% more chromium and around twice the nickel content compared to 316L stainless steel, AL-6XN boasts good stress cracking resistance in the presence of chlorides. The higher molybdenum content imparts better resistance to chloride pitting; slightly more nitrogen offers better strength which is fueling the demand for AL-6XN in various industries.
• The expanding chemical processing industry, coupled with the extensive use of AL-6XN plates in the chemical processing industry owing to its resistance to harsh chemicals and acids is contributing to the growth of the market. The rising demand for chemicals is driving the need for corrosion-resistant materials such as AL-6XN plates. According to the Cybersecurity and Infrastructure Security Agency (CISA), the U.S. chemical sector converts raw materials into more than 70,000 diverse products essential to modern life and distributes those products to more than 7,50,000 end users throughout the nation. Several hundred thousand US chemical facilities ranging from petrochemical manufacturers to chemical distributors use, manufacture, transport, store, or deliver chemicals along a complex, global supply chain.
• The market is also driven by the widespread application of AL-6XN plates in pharmaceutical manufacturing where strict hygiene and corrosion resistance are essential. The pharmaceutical industry is experiencing constant growth fueled by the increasing healthcare expenditure, and aging population which is boosting the demand for AL-6XN plates. For instance, in January 2024, AbbVie strengthened its manufacturing capabilities by breaking ground on a new US$ 223 million expansion of its Singapore manufacturing facility. This new investment will add more than 100 jobs and new biologics manufacturing capacity to AbbVie’s global network.
• The growing use of AL-6XN plates in oil and gas exploration and production operations is acting as a major growth-inducing factor in the market. Several oil and gas companies are exploring new reserves in challenging locations which are driving the demand for corrosion-resistant such as AL-6XN plates.

AL6XN Plate News

The report covers the latest developments, updates, and trends impacting the global al6xn plate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the al6xn plate price trend.

Latest developments in the AL6XN plate industry:

• In February 2024, Battery Mineral Resources Corp. announced the execution of an off-take agreement with Anglo American Sur. S.A. a division of Anglo-American PLC.
• In January 2024, Laxmi Mittal, the executive chairperson of steel manufacturing corporation ArcelorMittal, announced that the corporation will build the world's single largest steel manufacturing site at Gujarat Hazira by 2029. Mittal was addressing the ongoing Vibrant Gujarat Global Summit (VGGS) 2024 while making the announcement.

Product Description

AL-6XN plate refers to a high-performance austenitic stainless-steel alloy primarily composed of chromium, nickel, nitrogen, and molybdenum. It presents exceptional corrosion resistance, thus making it ideal for use in harsh environments like chemical processing, marine, and pharmaceutical industries.

The “AL” IN AL-6XN stands for “high alloy” while “6N” signifies its high levels of nickel and molybdenum. This alloy provides superior resistance to pitting, crevice corrosion, and stress corrosion cracking, even in chloride-rich environments, which are particularly corrosive to conventional stainless steels.

AL-6XN plate is recognized for its strength, durability, and versatility, thereby making it a popular choice for various applications requiring longevity and reliability.

The excellent mechanical properties of the AL-6XN plate, including high tensile strength and impact resistance, further contribute to its extensive use in demanding industrial settings.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of al6xn plate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting al6xn plate price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The al6xn plate price charts ensure our clients remain at the forefront of the industry.