Price Trends of Aluminum Price in its Latest Insights and Dashboard

November 23, 2022 0 Comments

Product NameAluminum
HS Code33012590
Molecular Weight26.981538 g/mol
Chemical FormulaAl
Synonyms7429-90-5, Aluminum, Aluminum Metal, Aluminum powder
Region/Countries for which Data is availableAsia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece,
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeOur services can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after service delivery

Request for Real Time Aluminum Prices: https://www.procurementresource.com/resource-center/aluminum-price-trends/pricerequest

Aluminum is a chemical component with the symbol Al and atomic number 13. Aluminum is thinner than most traditional metals, it has a thickness of approximately one-third that of steel. When exposed to air, it forms a protective oxide coating on the outside because of its strong attraction toward oxygen. By appearance, aluminum resembles silver due to its colour and extraordinary ability to reflect light.

Aluminum is the twelfth most common element in the universe and has one permanent isotope, Al. Aluminum is delicate, non-magnetic, and flexible. Aluminum’s radioactivity is used in radiodating. The molecular weight of Aluminum is 26.981538 g/mol. Aluminum is produced via the hall heroult and Bayer process.

The United States, Germany, China, India, and Bahrain are the top aluminum manufacturing countries in the world.

Key Details About the Aluminum Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Aluminum price, steel price, zinc price etc. in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Aluminum price trend, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Aluminum Price Trend:

Price-Trend-Image

The major Industrial uses of Aluminum that are impacting the price trend are power lines, window frames, household products such as utensils, cookware, toasters among others, as well as industrial applications, and aircraft and spacecraft components. Aluminum also finds its application in ships and in the packing of food, medicines, and beverages.

Key Market Players:

  • Rio Tinto plc
  • United Company Rusal Plc
  • American Elements
  • PT Timah (Persero) Tbk
  • Aluminum Corporation of China Limited (CHALCO)
  • Alcoa World Alumina and Chemicals (“AWAC”) (Alumina Ltd)

News and Events:

  • February 19, 2021: There was a review of the latest developments in aluminum-based hybrid composites for automotive applications.
  • January 2021: A MOU was signed between the two firms China Powder Investment Corporation (CPI) and Alcoa to work together on endeavors that are worth more than USD 7.5 billion, for the energy and aluminum proposals over the coming months.

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About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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