Aluminium Wire Price Trend and Forecast
                     Aluminium Wire Price Trend and Forecast
In the North American market, Aluminium Wire price showcased a rising 
trend despite subdued spot demand during the third quarter of 2022. 
Aluminium marched higher in August and September, worrying that stoppages 
due to high energy prices or other disruptions would spur shortages. Due to 
the high energy intensity of base metal production, market participants are 
observing production reductions in Europe. Market participants are in a 
position where they don't need to push from consumption to get price hikes 
because more cuts are on the way; Europe's energy crisis is far from over. 
Furthermore, since energy prices began to rise last year, European smelters 
have reduced annual aluminium production by 800,000 to 900,000 tonnes. 
According to the buyer, upstream aluminium prices are close to bottoming out. 
However, secondary aluminium alloy manufacturers who buy primary 
aluminium report that the cost of aluminium products has fallen due to a 
general decline in the US aluminium market
https://www.chemanalyst.com/Pricing-data/aluminium-wire-1361
New 
Updated 
Aluminiu
m Wire 
Prices 
Online  
In the Japanese Market, 
Aluminium Wire Pricing Online
In the Japanese market, 
Aluminium Wire pricing showcased a rising 
trend amidst a bearish demand outlook. As per 
market players, the tradeable volume is low, with 
no incentive to deliver to Japan. Japanese traders 
and end-users are wary of purchasing metal on 
the international market. In Japan, there is a 
significant volume, and suppliers try to destock to 
avoid backwardation and its effects on balance 
sheets. Despite smelter curtailments announced 
in Europe, market participants remained bearish 
due to high inventory levels in Asia, particularly 
Japan, and were more concerned about 
forwarding demand. Manufacturers claim that, 
while orders are up, inflation is starting to bite, 
and downstream industries such as the 
automotive industry will suffer. On the other 
hand, fourth-quarter negotiations have begun, 
with lower offers received than those heard in the 
third quarter. The South Korean market remained 
unchanged from the previous week due to weak 
buying activity.
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e-1361
Aluminium 
Wire 
Supply in 
Global 
Market 
Online
Aluminium Wire Prices Witnessed a 
Gliding Movement During The Third 
Quarter of 2022
Aluminium Wire prices witnessed a gliding movement 
during the third quarter of 2022 due to the weak spot 
demand and abundant supply of imported units. Over 
the last six to eight weeks, the spot demand outlook 
for wire has weakened, and imports are currently 
outpacing capacity loss from production cuts. Some 
participants expected the cuts to have little effect on 
the premium due to softer demand and a recent 
increase in Asian imports, while others remained 
bullish due to concerns about ingot availability. 
Participants are also concerned about overall 
aluminum availability as LME warehouse stocks 
continue to decline. Participants state that logistics 
issues remained a concern when attempting to source 
units from other regions. While some saw ongoing 
logistics issues as a barrier to imports, others were 
less concerned, noting that European premiums 
remained close to recent record highs, making Europe 
an appealing destination for material imports. 
Europe's high energy and electricity costs have forced 
several smelters to close this year. Alcoa announced 
in August that it would cut production at its Lista 
smelter in Norway by one-third.
https://www.chemanalyst.com/Pricing-data/aluminium-wire-136
1
Demand of Aluminium Wire North America Online
Aluminium Wire Price Trend and 
Forecast
In the North American market, Aluminium Wire 
prices showcased a rising trend despite subdued 
spot demand
In the North American market, Aluminium Wire prices showcased a rising trend In the Japanese market, Aluminium Wire prices showcased a rising trend 
despite subdued spot demand during the third quarter of 2022. Aluminium amidst a bearish demand outlook. As per market players, the tradeable 
marched higher in August and September, worrying that stoppages due to high volume is low, with no incentive to deliver to Japan. Japanese traders 
energy prices or other disruptions would spur shortages. and end-users are wary of purchasing metal on the international market.
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