Aluminium Oxide Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Aluminium oxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Aluminium Oxide Price Trend for the First Half of 2023

Asia

Aluminium oxide prices had an oscillating trend in the first quarter of 2023. This phase observed problems such as excess supply and downward-moving trading activities, due to which the price trend of aluminium oxide plunged. However, as the quarter progressed, consumer interest returned in the sector, and soon, the prices surged and were able to maintain their momentum in the second quarter, too. Further, the tight supply of bauxite in Australia helped in the growth of export rates and, thus, also contributed significantly to the rise in the prices of aluminium oxide.

Aluminium Oxide Price Chart

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Europe

In the initial phase of the first quarter, the trend of aluminium oxide prices was uncertain as the consumers seemed reluctant to place big orders. The prices also seemed to be adversely affected by the restricted supply from Russia. However, during the end phase of the quarter, the market momentum improved on account of strong trading activities and a fall in the level of inventories. This momentum was further carried forward in the second quarter, too. In addition to this, frequent disruptions in the supply chains in the midst of high demand for aluminium oxide also contributed significantly to the upsurge in the price trend of aluminium oxide.

North America

Initially, in the first quarter, the poor progress of the downstream sector and consistent incline in inventory levels proved to be a challenge for the prices of aluminium oxide. But soon, the growing procurement rates and fall in the mining activities in North America influenced the prices of aluminium oxide positively and led to the rise in its price trend. This upswing movement continued till the mid of the second quarter, after which the improvement in the mining sector of developing countries and their declined dependence on North American imports affected the price trend of aluminium oxide negatively.

Analyst Insight

According to Procurement Resource, the price trend of Aluminium oxide is estimated to showcase a fluctuating path. The movement of the prices will be dependent on the condition of global supply chains and demand from the downstream sector.

Procurement Resource provides latest prices of Aluminium Oxide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.