Aluminium Silicate Price Trend and Forecast

Aluminium Silicate Regional Price Overview

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

Aluminium Silicate Price Trend for the First Half of 2024

In the first half of 2024, price trend for aluminium silicate was marked by a varying outlook, influenced by fluctuating costs of its primary feedstocks, aluminium and silica, and their industrial significance. Aluminium, essential for producing aluminium silicate, saw a steady price increase in Europe due to strong demand from the water treatment sector, particularly in the UK, where aluminium prices showed some positive performance. However, silica, another key component, experienced a notable price decline globally, driven by a prolonged downturn in the construction industry, especially in Europe, where high interest rates and rising construction costs led to project cancellations and oversupply.
 

Aluminium Silicate Price Chart

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This contrasting dynamic between aluminium and silica created a complex pricing environment for aluminium silicate. The oversupply of silica, coupled with reduced input costs, exerted downward pressure on aluminium silicate prices, while the rising costs of aluminium offset some of this decline. The industrial significance of aluminium silicate, particularly in applications like ceramics, refractories, and insulation, kept its market relatively stable, though the pricing outlook remained subjective, reflecting the interplay of these upstream factors. As a result, aluminium silicate prices showed variability, with some stability due to aluminium's demand, but overall uncertainty driven by the broader economic conditions affecting silica.

Analyst Insight

According to Procurement Resource, not much change is projected in the Aluminium Silicate prices going forward, the markets are likely to oscillate in a similar manner.
 

Aluminium Silicate Price Trend for the Second Half of 2023

In the second half of 2023, the price trend for aluminium silicate exhibited a mixed outlook, influenced by fluctuating prices of its key feedstocks, aluminium and silica. In Asia, the aluminium market experienced volatility, with China's relatively stable market contrasting with the more fluctuating Indian market. This instability in aluminium prices, driven by factors such as shipping curtailments and economic unrest, impacted the cost structure for aluminium silicate production. Meanwhile, silica, another crucial component, also faced price fluctuations due to sluggish demand in downstream industries like construction and electronics. However, a slight recovery in the automotive and construction sectors towards the year's end offered some stabilization.

In Europe, the aluminium silicate market mirrored these trends, with prices remaining on the upper side of the spectrum despite challenges in the construction sector and fluctuating consumer confidence. Overall, the pricing outlook for aluminium silicate remained mixed, with short-term fluctuations driven by the variable costs of aluminium and silica, and a somewhat stable trend emerging towards the end of the year due to seasonal demand increases and partial recovery in key industries.

Analyst Insight

According to Procurement Resource, Aluminium Silicate prices are likely to fluctuate going forward owing to the rapidly evolving global trade dynamics.
 

Aluminium Silicate Price Trend for the First Half of 2023

Aluminium Silicate market behaviour during the first two quarters of 2023 was mixed. During the first quarter, the Chinese economic recovery had just begun, further, to complement that the global supply chain disruptions imposed by the Russia and Ukraine conflict were also fading.

The Aluminium Silicate market still saw some upward fluctuations. However, by the second quarter, the poor buying sentiment from the end consumer sector started dominating, since the stretched economic inflations had severely compromised the people’s purchasing capacities. Dull demands compelled suppliers to cut down the prices in hopes of positive product movement. General market behaviour was quiet for Aluminium Silicate.

Analyst Insight

According to Procurement Resource, given the current demand progress, not much growth can be anticipated in the Aluminium Silicate market in the coming months.

Procurement Resource provides latest prices of Aluminium Silicate. 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.