Aluminium Slug Price Trend and Forecast

Aluminium Slug Regional Price Overview

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

Aluminium Slug Price Trend for the Year 2023

Since aluminium slug is directly made from aluminium metal through smelting, rolling, and stamping processes, their price trends align very closely with the market trajectory of metal aluminium prices. During the entire span of the year 2023, the aluminium slug prices wavered at the lower end of the curve since the downstream demands from the automotive and packaging industries were mostly regressive.
 

Aluminium Slug Price Chart

Please Login or Subscribe to Access the Aluminium Slug Price Chart Data
 

Some occasional and marginal improvements were observed in the third quarter; however, the prices declined considerably again in the final quarter of 2023. The market sentiments were largely muted throughout the year.

Analyst Insight

According to Procurement Resource, the Aluminium Slug prices are likely to improve going forward as the market demands are expected to pick up given the improvement in economic macro-indicators.
 

Aluminium Slug Price Trend for the Second Half of 2022

Asia

The price trend for aluminium slug had a very mixed run in the Asia-Pacific region during the said period. During the initial months of H2, strict covid restrictions attributing to an industrial shutdown in China led to dampened demands which affected the market prices. But as the policies eased and the market stood back up a little, aluminium slug demand soared, again fluctuating the prices. As the product demand rebounded it revived the supply chains and logistics, thereby strengthening the price trend for aluminium slug towards the end of December’22.

Europe

During H2 2022, production costs for Aluminium Slug in Europe remained high as an unprecedented hike in energy costs inflated all sectors of the European economy. However, towards the fourth quarter, the demand and mobility aspects improved but no significant decrease was seen in the production costs. Supply chains resumed and demand returned in the market. Nonetheless, the demand was minute against market inventories hence, it did not make a significant impact on the prices. High production costs and sullen demands remained the determining factor for aluminium slug price trend. A long struggle with low demands strangled the market.

North America

The aluminium slug price trend in the North American market replicated the behaviour of the European market. High inflation, rising production costs, and an almost dead demand spectrum remained lethal for the prices. Around Q4 market started functioning, but no simultaneous rise in aluminium slug prices was registered.

Analyst insight

According to Procurement Resource, the price trend for Aluminium Slug are expected to incline in the coming months as the market projections for feedstock aluminium look promising. Though the prices will remain dependent on the market demand, as the production costs seem not to be declining anytime soon.
 

Aluminium Slug Price Trend For the First Half of 2022

Asia

The price trend of aluminium slug tipped towards the higher side of the scale owing to the inflated prices of pure aluminium metal. In the Chinese domestic market, the prices surged during the first quarter because of the surging power costs and freight charges. The price of aluminium averaged 21840 RMB/MT.

With the removal of covid restrictions, the factories started churning products at an increased pace which caused the prices to fall. However, soon the prices surged as the booming demand from end-user industries depleted the market stockpiles creating shortages.

Europe

Since the production of primary aluminium is an extensive energy process, aluminium prices hit an all-time high in Europe. The benchmark price for aluminium reached 2865 USD/MT on the London Metal Exchange.

North America

In line with the global outlook, the price trend of aluminium slug remained strong throughout the US domestic market. The high upstream energy costs, high costs of transportation, and robust end-user demand contributed to the rising prices of primary aluminium. The price of aluminium averaged 2400 USD/MT (approx.) during the end of the second quarter.

Procurement Resource provides latest prices of Aluminium Slug. 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.