Aluminium Sheet Prices

Aluminium Sheet Prices September 2024

The aluminium sheet prices in the United States for Q3 2024 reached 5500 USD/MT. The region saw notable price fluctuations due to supply challenges and stable demand. The first half of the quarter remained steady, while the latter half saw price increases, driven by construction growth as mortgage rates dropped, stimulating market activity.

The price trend for aluminium sheet in China for Q3 2024 settled at 2940 USD/MT. The market remained stable despite raw material cost fluctuations. While consumer demand was subdued, real estate and construction industries benefited from government stimulus. Moreover, production gains from easing power restrictions and rising alumina prices influenced market dynamics, contributing to inventory growth and controlled pricing.

In Germany, the aluminium sheet prices for Q3 2024 reached 12400 USD/MT in September. The market witnessed a notable price rise, fueled by strong aviation demand and higher production costs due to global alumina shortages. Additionally, the market maintained a balanced supply with new production capabilities nearby. Despite manufacturing challenges, Germany reflected an overall positive pricing trend throughout the quarter.

The price trend for aluminium sheet in UAE for Q3 2024 settled at 3150 USD/MT. The market saw significant price declines, influenced by geopolitical tensions and disruptions in global raw material supply. High inventories and low construction demand pressured prices further, while seasonal factors and weak trading activities maintained a challenging market landscape despite stable production levels.

Aluminium Sheet Prices June 2024

The aluminium sheet prices in the United States for Q2 2024 reached 5500 USD/MT in June. This is due to sustained demand across industries and tight supply conditions. Seasonal demand trends and low inventory levels pushed prices higher, alongside inflation and economic uncertainties. Additionally, the export issue further intensified the supply strain, shaping a strong upward trend in market prices.

The price trend for aluminium sheet in South Korea for Q2 2024 settled at 3510 USD/MT in June. They are influenced by robust demand from construction and automotive sectors. Seasonal and import challenges, coupled with geopolitical tensions, tightened supply chains, leading to mixed inventory levels. The resulting upward pricing trend underscored South Korea’s resilient market fundamentals amidst regional challenges and evolving economic conditions.

In Germany, the aluminium sheet prices for Q2 2024 reached 11800 USD/MT in June. This trend is spurred by consistent automotive sector demand. Increased car registrations and strong manufacturing sector activity supported price stability. Despite cost pressures from energy and transport, manufacturers managed supply effectively, ensuring a balanced market outlook and underscoring Germany's industrial resilience in the product sector.

Aluminium Sheet Prices December 2023

The aluminium sheet prices in the USA for Q4 2023 reached 16156 USD/MT in December. In the USA, aluminium sheet prices saw an initial decline due to weaker needs from the automotive sector and economic issues. Mid-quarter, prices increased as stock levels were low and restocking activities increased. By December, prices stabilized because of lower winter demand and complications in trade paths, reflecting a stable but cautious market environment.

The price trend for aluminium sheet in China for Q4 2023, reached 2681 USD/MT in December. In China, aluminium sheet costs initially remained elevated owing to supportive domestic policies and low inventories. Prices fell later in the quarter as production increased, leading to higher stock levels and reduced overseas demand. A subsequent price increase was driven by strong domestic consumption and obstructions in trade routes, with the market stabilizing towards the end of the quarter.

The price trend for aluminium sheet in Germany for Q4 2023, reached 11728 USD/MT in December. The market saw rising prices in the fourth quarter, driven by supply challenges and strong need from the automotive and construction sectors. Despite this, prices stabilized in December due to seasonal demand reductions and trade disruptions. The market faced issues such as raw material scarcities and adverse weather, influencing overall manufacturing activity.

The price trend for aluminium sheet in the UAE for Q4 2023, reached 3261 USD/MT in December. In the UAE, aluminium sheet prices increased significantly in Q4 2023, driven by high need from the automotive and construction sectors and supply disruptions. The market was buoyed by favorable environment and a global transition towards traditional vehicles. Despite delays in new investments, the quarter ended on an optimistic note with strong buyer confidence and increased number of orders.

Regional Coverage

The report provides a detailed analysis of the aluminium sheet 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 aluminium sheet price trend.

Global Aluminium Sheet Price

The report offers a holistic view of the global aluminium sheet pricing trends in the form of aluminium sheet 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 aluminium sheet historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into aluminium sheet 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 aluminium sheet 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 Aluminium Sheet Price

Q3 2024:

During Q3 2024, the aluminium sheet market in Europe witnessed a price uptrend, significantly influenced by strong demand from the aviation sector and global supply challenges in alumina and bauxite. Germany, a key player in the region, benefited from new production capabilities in nearby countries that balanced supply. Despite ongoing constraints in the manufacturing industry, the market displayed an overall positive outlook. Additionally, the quarter's upward price movement reflected seasonal dynamics and steady consumption, driven by strategic investments and robust demand in high-value sectors, positioning Europe in a progressive pricing environment.

Q2 2024:

In Europe, during the second quarter of 2024, the aluminium sheet sector experienced pricing stability, supported by stable product consumption in construction and automotive industries amid a balanced supply chain. Although raw material constraints, coupled with higher shipping and energy costs, applied pressure, producers navigated these challenges without significant issues. Germany emerged as a focal point within the region, with prices reflecting consistent product consumption across the automotive industry. Industrial growth within the country also contributed to higher aluminium sheet consumption, further stabilizing market sentiment.

Q4 2023:

The European aluminium sheet market saw upward momentum in Q4 2023. In Germany, limited supply and rising demand from the automotive and construction sectors led to higher prices. The market was bolstered by supply agreements and increased energy supply commitments. Moreover, by December, prices stabilized due to seasonal demand dips and trade disruptions. Challenges such as raw material scarcities and adverse weather impacted the market, contributing to slower manufacturing activity. Overall, the quarter concluded with a balanced market influenced by both demand and supply-side factors.

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

North America Aluminium Sheet Price

Q3 2024:

Throughout the third quarter of 2024, the North American aluminium sheet market experienced rising prices, driven by supply challenges and sustained demand. While high global production contributed to a surplus, localized production and supply chain disruptions influenced regional trends. Moreover, the construction industry gained momentum due to reduced mortgage rates, resultantly boosting demand. Despite challenges in manufacturing and green energy growth, the market remained resilient, supported by steady consumption from key industries. Additionally, the USA faced notable price volatility, with a steady first half progressed into price increases later in the quarter, showcasing an optimistic pricing environment amid complex conditions.

Q2 2024:

During the second quarter of 2024, the aluminium sheet sector across North America saw a surge in prices, spurred by a combination of limited raw material availability and rising transportation costs. Supply was further pressured by economic challenges such as interest rates, inflation, and raw material constraints, particularly in bauxite. Inventory levels stayed tight as demand surged across construction and automotive sectors, straining the supply-demand balance. The USA noted the steepest price shifts, with seasonal increase in consumption, accentuating limited product availability.

Q4 2023:

In the fourth quarter of 2023, the North American aluminium sheet market experienced varied trends. Early in the quarter, prices in the US declined due to reduced need from the automotive sector and broader economic uncertainty. Mid-quarter saw a price spike driven by lower stock levels and heightened restocking needs. The Federal Reserve's decision to maintain interest rates contributed to a recovery in the market, prompting higher order volumes. However, December saw stability in prices, influenced by lower winter demand, trade route disruptions, and supply concerns from Guinea. The overall market reflected a balance between demand and supply challenges throughout the quarter.

Specific aluminium sheet historical data within the United States and Canada can also be provided.

Middle East and Africa Aluminium Sheet Price

Q3 2024:

During Q3 2024, the MEA aluminium sheet market saw declining prices, impacted by global geopolitical and economic challenges, including sanctions and disruptions in raw materials and shipping. High supply levels amidst low construction activity and overseas interest dampened the market. Furthermore, the United Arab Emirates recorded the most pronounced price changes, influenced by seasonal factors, high inventories, and weak trade. The region's pricing sentiment reflected a downward trajectory, despite stable production without plant shutdowns. Moreover, natural disasters and logistical setbacks also contributed to subdued demand and an increase in backlogged work, maintaining a challenging market landscape.

Q4 2023:

In Q4 2023, the Middle East aluminium sheet market showed positive trends. The UAE saw rising prices driven by strong need from the automotive sector and an anticipated IPO. Supply challenges, including obstructions in the Panama Canal and material scarcities, contributed to higher prices. The market was also supported by favorable weather and a global transition towards mainstream vehicles. Despite delays in new investments, the overall trend remained optimistic, with increased demand and improved consumer confidence influencing the market's performance throughout the quarter.

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

Asia Pacific Aluminium Sheet Price

Q3 2024:

Aluminium sheet market in the Asia Pacific region displayed mixed trends in Q3 2024, with variations in demand and pricing across major markets like China and Malaysia. China maintained market stability despite raw material cost fluctuations and a consistent recycled aluminium rate. While overall consumer demand was subdued, real estate and construction industries showed improvement due to stimulus efforts. In addition, the easing of power restrictions and elevating alumina costs influenced production dynamics, contributing to inventory growth. Malaysia's market reflected shifts driven by China's export activities, with weak domestic demand impacting the automotive sector. Furthermore, positive signals, such as rising employment, hinted at potential recovery.

Q2 2024:

In the Asia Pacific region, the aluminium sheet sector witnessed an upward pricing trend in Q2 2024, due to supply chain disruptions and regional demand growth. Supply issues were influenced by geopolitical challenges and tariff adjustments, which amplified operational costs. Freight expenses surged due to ongoing crises impacting trade routes. Sectors like infrastructure, construction, and automotive saw a resurgence in demand, significantly impacting costs. South Korea stood out with pronounced price hikes due to rising import pressures and a robust domestic automotive and construction and automobile industries, marking strong sector resilience.

Q4 2023:

The Asia-Pacific aluminium sheet market in Q4 2023 displayed a mix of trends. Initially, high prices in China were supported by approving domestic policies and low inventories. However, prices fell in November as production surged, leading to elevated inventories and reduced overseas need owing to import restrictions by the US and Mexico. Later in November, prices rebounded with increased demand and disrupted trade routes. The market saw stability by quarter-end due to he favorable weather in China and shifting global automotive trends, which bolstered confidence of buyers and supported ongoing order placements.

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

Latin America Aluminium Sheet Price

The analysis of aluminium sheet 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.

Aluminium Sheet Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Aluminium Sheet Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of aluminium sheet 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 aluminium sheet at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of aluminium sheet price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing aluminium sheet 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.

Aluminium Sheet Market Analysis

The global aluminium sheet market size reached 1.65 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 2.39 Million Tons, at a projected CAGR of 0.042% during 2023-2032.

• One of the primary factors driving the aluminium sheets market is the increasing product demand from the expanding automotive industry. For instance, according to GITNUX, 2021 was the highest commercial vehicle sales market in the US and China, with 12 million and 4.8 million units sold respectively. In this industry, aluminium sheets are highly adopted on account of its lightweight nature, which enhances fuel efficiency and reduce emissions. Besides this, these sheets are appropriate for manufacturing vehicle body components including chassis, body panels, and structural parts, as they provide high strength-to-weight ration and corrosion resistance.
• Another factor positively influencing the aluminium sheets market is the rapid urbanization and infrastructure development globally. These sheets are highly adopted in the construction and infrastructure projects for numerous applications including facades, cladding, roofing, and structural components. With the rapid population growth across the globe, the need for residential, commercial, and industrial structures is significantly rising. According to the UNITED STATES CENSUS BUREAU, the global population is estimated to reach 10.2 billion by 2060. Architects and builders prefer aluminium sheets due to their recyclability, durability, and aesthetic appeal.
• Significant technological advancements in the aluminium manufacturing procedures are propelling the market growth. For instance, Novelis Inc., a key player supplier and manufacturer of sustainable aluminium solutions launched its commencement of a latest roll forming development line. This innovation aims to cater to the growing need of the industry for a production procedure capable of manufacturing large numbers of high-strength aluminium automotive components. Major innovations in casting, tolling, and extrusion techniques allow key players to manufacture aluminium sheets with enhanced formability, higher strength, and better surface finish. Other than this, innovations in surface treatment technologies have broadened the application scope of aluminium sheets in a wide range of industries, such as packaging, aerospace, and consumer goods thereby driving the market growth.

Aluminium Sheet News

The report covers the latest developments, updates, and trends impacting the global aluminium sheet 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 aluminium sheet price trend.

Latest developments in the aluminium sheet industry:

• In October 2022, Novelis Inc., a major supplier of aluminium sheet partners with Smart Press Shop in order to reduce upto 100,000 tons of carbon emissions per year.
• In March 2024, Alcoa, a producer of aluminium sheets, announced its acquisition of Alumina Limited.

Product Description

Aluminum sheets are produced by rolling aluminum, usually from aluminum ingots or billets. These sheets are flat slabs of aluminum metal. Their uniform thicknesses, which vary from a few millimeters to a fraction of a millimeter, define their thin and flat profile.

Aluminum sheets are used in a wide range of sectors, due to their special mix of qualities. They stand out for being lightweight, which makes them perfect for uses where reducing weight is important, including in the transportation, aerospace, and automotive industries. Furthermore, aluminum sheets provide exceptional resistance to corrosion, guaranteeing robustness and endurance under diverse climatic circumstances.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of aluminium sheet 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 aluminium sheet 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 aluminium sheet price charts ensure our clients remain at the forefront of the industry.