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Aluminium Ingot Price Trend and Forecast - Noida
Tuesday, 3 January, 2023
Item details
City:
Noida, Uttar Pradesh
Offer type:
Offer
Item description
In the US market, Aluminium Ingot Price witnessed an upsurge amidst the fears of recession during the third quarter of 2022. According to market participants, gliding energy costs now significantly impact aluminium smelters more than ever before. As a result of the ripple effect, the aluminium smelters raise their production costs, affecting the Aluminium prices. Aluminium prices, on the other hand, rose earlier in the session due to LME production curtailment amid rising energy costs but succumbed later to macroeconomic pressures as weak growth means lower demand for base metals used in many industries. When the dollar is strong, metals traded in US dollars are more expensive to holders of other currencies, and rising interest rates and weak global demand have all weighed on industrial metal prices. As a ripple effect, the Aluminium Ingot (99.9%) prices for CFR Albama Port (USA) settled at 3820/MT.
For more information
E-Mail:- sales@chemanalyst.com
websites:- httpswww.chemanalyst.com/Pricing-data/aluminium-ingot-1351
Contact No:- +13322586602
For more information
E-Mail:- sales@chemanalyst.com
websites:- httpswww.chemanalyst.com/Pricing-data/aluminium-ingot-1351
Contact No:- +13322586602
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