The latest IMARC Group report, “Aluminium Scrap Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” presents a detailed analysis of aluminium scrap price trend, offering key insights into global aluminium Scrap market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines aluminium Scrap demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

Aluminium Scrap Prices Analysis:

• USA: 1786 USD/MT

• China: 2823 USD/MT

• Germany: 1669 USD/MT

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The study examines the key factors driving aluminium scrap price variations, focusing on shifts in raw material costs, the balance between supply and demand, and the impact of geopolitical influences. It also considers sector-specific developments that play a critical role in shaping market prices. By analyzing these elements, the report offers valuable insights into the underlying causes of price fluctuations, helping businesses and investors understand market behavior more effectively.

In addition, the report provides the latest market updates, ensuring stakeholders are informed about recent fluctuations, regulatory changes, and technological advancements. This comprehensive resource equips decision-makers with the necessary tools to enhance their strategic planning and improve forecasting accuracy. Through this analysis, the report becomes an indispensable asset for anyone looking to navigate the complexities of the aluminium scrap industry and optimize future strategies.

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Aluminium Scrap Industry Analysis:

The aluminium scrap industry is primarily driven by the increasing demand for sustainable and cost-effective materials in various industries. Aluminium recycling is highly energy-efficient, requiring only about 5% of the energy needed to produce primary aluminium from bauxite ore, making it an economically attractive option for manufacturers.

The automotive industry has catalyzed market growth as it seeks lightweight, recyclable materials to improve fuel efficiency and reduce emissions. Additionally, the growing preference for recycled aluminium in building materials, owing to its durability and lower environmental impact, fuels demand. Technological advancements in sorting and processing techniques have enhanced the quality and purity of recycled aluminium and have accelerated the product adoption rate.

Regulatory frameworks promoting circular economy practices and stringent environmental regulations also encourage the use of recycled materials, propelling the aluminium scrap industry. Furthermore, the rising urbanization and industrialization in emerging economies lead to increased scrap availability and recycling activities, supporting market growth.

Aluminium Scrap Price Trend:

During Q2 2024, the aluminium scrap industry witnessed significant fluctuations, influenced by various factors both domestically and internationally. In India, the market was sluggish, with buyers cautious due to a minor drop in LME aluminium prices. This decline was partly due to relaxed import restrictions, which kept prices of imported aluminium scrap stable and low. As a result, sellers had to lower their offers to move inventory, exacerbating the subdued market activity.

Domestic prices for ADC12 alloy ingot declined, reflecting a widening scrap-to-alloy price spread and indicating a growing gap between raw scrap and processed alloy prices. Inventory levels in LME-registered warehouses reached their highest since January 2022, adding downward pressure on prices due to an apparent oversupply.

Economic conditions in India, particularly a moderation in consumer price inflation due to persistent food inflation, also impacted the market. Despite easing inflation, there was no significant boost in purchasing activity for aluminium scrap, as buyers remained cautious in the face of fluctuating prices and market uncertainty.

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Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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

• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

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