Aluminum Phosphate Price Trend and Forecast

Aluminum Phosphate Regional Price Overview

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

Aluminium Phosphate Price Trend for the First Half of 2023

Asia

The price of aluminium phosphate followed a volatile trend in the first two quarters of 2023 due to high uncertainty in the cost of its feedstock materials. The first quarter started with a decline in prices as trading activities in China slumped due to the onset of the holiday season. Further, after this, the production rates of aluminium phosphate exceeded its demand, leading to a rise in the stockpiles.
 

Aluminum Phosphate Price Chart

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In the second quarter, the momentum of aluminium phosphate prices geared up as the supply chains faced severe disruptions while demand, especially from the overseas players, remained stable, resulting in a rise in the prices of aluminium phosphate.

Europe

In the initial phase of the first quarter, the price of aluminium phosphate stumbled due to the limited purchasing potential of the consumers. The market sentiments were also severely affected by the sanctions on trade with Russia and disruptions of supply chains in many parts of Europe.

This exhausted the inventories by the end of this quarter, and on account of that, the prices of aluminium phosphate inclined. The second quarter was also able to maintain a stable trend, majorly because of the oscillating cost of imports, the positive trend shown in demand, and the lowering of interest and inflation rates.

North America

In North America, the poor demand scenario of downstream industries and rising levels of stockpiles proved to be a challenge for the prices of aluminium phosphate in the initial months of the first quarter. In view of this, the traders had to reduce their profit margins, which in turn hampered the growth of aluminium phosphate prices. However, the northward journey of the aluminium phosphate market started at the end phase of this quarter.

During this period, the demand from the downstream industries in both domestic and overseas sectors increased by several folds, and the high consumption of the automotive sector gave the aluminium phosphate prices its required momentum.

Analyst Insight

According to Procurement Resource, the price trend of Aluminium phosphate is estimated to follow a fluctuating trajectory as the demand from the downstream industries seems strong, but the disruptions in the supply chains might prove to be an obstacle to the growth of aluminium phosphate prices.

Procurement Resource provides latest prices of Aluminum Phosphate. 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.