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Aluminium Ingot Prices Trend and Forecast - Delhi
Thursday, 18 August, 2022
Item details
City:
Delhi
Offer type:
Offer
Item description
Due to weak demand, rising production costs, supply chain delays, and the Federal Reserve's aggressive monetary policy, Aluminium ingot prices fell in the United States during the second quarter of 2022. Market participants cite that manufacturing activity has slowed due to supply-chain delays and labor shortages. Furthermore, new orders and stockpiles were limited, and customer resistance to high prices slowed new orders, but this also reflected deficiencies and growing concern about the outlook. The drop in domestic demand and improved Aluminium production activity in the face of rising inflationary pressure exacerbated market concerns. However, the bearish macroeconomic outlook and dwindling demand prompted a drop in quotation inquiries. The closure of the Hawesville Aluminium Smelter exacerbates the supply chain and impacts the US cumulative demand outlook.
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