Apart from China, India is witnessing an increased demand for aluminium supported by its rising construction as well as transportation sector. Your email address will not be published. The expected maximum price is $0.6000098, minimum price $0.4080067. Address: 138 Duane Street Agenda 7 Raw materials and impacts on aluminium smelting industry Aluminium market outlook End market drivers; construction, industry and automotive China macro trends to focus on Section 232 and impact LME and premiums forecast Conclusions. Competitive Landscape & Supplier Analysis: Also Read: Impact of COVID-19 on Global Industry, Impact of COVID-19 on Global Perfume Market: Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. Its joint venture with Rio Tinto is expected to further add to the growth of the aluminium market globally. The aluminium market is being driven by the growing demand from the end-use industries. Phone: +1-415-325-5166 “We expect zinc and nickel prices to rise sharply, followed by more modest increases in nickel and aluminium prices, with lead prices lagging,” he said. The Asia Pacific region and the Americas are significant regional markets in the industry. Exhibitor recommendations for you. 3 Dec, 2020, 05.44 PM. An investment of nearly USD 188 million (CAD) has been put into the project by Alcoa, Rio Tinto, the Government of Canada, the Government of Quebec, and Apple.Alcoa, a United States-based company, is one of the largest producers of aluminium and aluminium products in the world. Identifies the most relevant price drivers, includes different views circulating in the market, and provides detailed monthly, quarterly and annual LME aluminum price forecasts, by the most accurate analysts, for up … Required fields are marked *. In the Middle East, primary aluminium production increased by 4.35% year-on-yea… Now the Metal price is $0.3554490, but by the end of 2020, the average Metal price is expected to be $0.4790466. The countries significantly use the product for manufacturing aircraft. Precious metals continued to slide (-1.5%), while base metals jumped 6.0%. https://www.expertmarketresearch.com/reports/aluminium-market. LME Aluminium can be traded on LMEselect from 01.00 - 19.00 London time, 24 hours a day on the inter-office telephone market and during the below times on the Ring: Ring trading time - First session (UK) Its price is affected by several factors. Our aluminium market analysis focuses on supply and demand fundamentals, price dynamics and forecasts for the entire value chain, including upstream and downstream markets. SMM presents a series of webinars on the non-ferrous metals market forecast in 2020. The downstream industry for the product is driving the market growth in the region. Aluminum price is expected to decrease to $1,760 per metric tonne in 2020 from an average of $1,790/mt in 2019 and rebound to $1,800/mt in 2021 as projected by the World Bank. The increasing demand for aluminium in the United States and some European nations is also propelling the market growth for aluminium. Request a Free Sample Report With Table Of Contents: Email: sales@expertmarketresearch.com Global aluminium … The rising advancements in technology are also driving the market further. Aluminum is expected to trade at 1991.24 USD/Tonne by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Source: SMM. 4. Aluminum is expected to again be in surplus in 2020, with demand slowing down and China increasing exports of its high domestic inventories, which has led aluminum prices … The consumption is likely to increase at a CAGR of 3.63% in the forecast period of 2020-2025 to reach a volume of approximately 85 million metric tons by 2025. Aluminum - data, forecasts, historical chart - was last updated on December of 2020. Browse Full Report with TOC & List of Figure: World Bank Commodities Price Forecast (nominal US dollars) Released: April 23, 2020 The Asia Pacific region is one of the largest producers of aluminium, along with Canada, Russia, and the United Arab Emirates. FocusEconomics panelists see prices averaging US$1,795 in … Price forecasts of other critical commodities: gold | silver | copper | nickel | zinc | coal | natural gas | crude oil. Email this article. For their forecasts, both World Bank and the IMF use London Metal Exchange (LME) settlement prices for high-grade unalloyed primary ingots of 99.7% purity. Use ; to separate email addresses. 10 Dec, 2020, 03.16 PM. It’s called aluminum by the Americans and aluminium by the British, but everyone agrees that it’s the third most abundant element in the world next to oxygen and silicon. CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will assist in aluminum … price review forecast. December 2020 Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. Are you sure you want to delete this page? SMM Webinar Series- Aluminium market forecast in 2020. City: New York City Aluminium futures ease on low demand | News. ... it is expected that base metal will witness a drop in their prices in Q’2 2020. 18.2.4 Latin America Basic Aluminium Chloride Revenue (USD Million) and Growth Rate (%) Forecast (2020-2027) 18.2.5 Middle East & Africa Basic Aluminium Chloride Revenue (USD Million) Forecast (2020-2027) 18.3 Global Basic Aluminium Chloride Revenue and Forecast by Product (2020 … In 2021, Sanchez forecasts zinc to trade at US$2,628 per tonne, up 17% from an average of US$2,246 per tonne in 2020, with nickel rising to US$15,557 per tonne, an increase of 14.5% from an average of US$13,582 per tonne in 2020. Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. Furthermore, a sharper-than-expected downturn in global growth remains the key risk to the outlook, the analysts added. They also cut their forecasts for a global aluminium deficit this year to 550,000 tonnes from 868,240 tonnes in the April poll. The report tracks the latest trends in the industry and studies their impact on […], Your email address will not be published. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. The EMR report provides the regional price analysis and global trade analysis of the market. The EMR report gives an overview of the global aluminium market for the periods (2015-2019) and (2020-2025). According to a new report by EMR titled, ‘ Global Aluminium Market Report and Forecast 2020-2025, the global aluminium consumption reached a volume of 68.6 million metric tons in 2019. Global Pure Aluminium Ingot Market Report 2020 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Pure Aluminium Ingot industry. Detailed financial information on Aluminum Futures. Average price forecast for 2020 is US$ 1933.4 per tonne. This page presents forecasts of prices of various commodities: energy, food, agricultural raw materials, grains, fertilizers, metals including steel,... Coal Price Forecasts: Long Term, 2021 to 2030 | Data and Charts. Save my name, email, and website in this browser for the next time I comment. December 2, 2020 — Commodity prices rose sharply in November, with energy commodities up 6.4% and non-energy commodities up 4.4%. The replacement of steal with aluminium sheets is providing further impetus to the market growth. As well as a five-year view, we also provide a 25-year forecast for aluminium … Special report that analyzes the outlook for LME aluminum prices. Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Your recipients's details You can enter a maximum of 5 recipients. Aluminum price is expected to decrease to $1,760 per metric tonne in 2020 from an average of $1,790/mt in 2019 and rebound to $1,800/mt in 2021 as projected by the World Bank. Company Name: Expert Market Research The only change that we have made to our demand outlook in the past month is to our China estimate, where we now anticipate an increase of 2.1% in 2020, from a contraction of 0.8% previously. A bearish forecast for aluminium prices in calendar 2020 is likely to rattle domestic producers. To conclude, we forecast that the price of aluminium will rise to $2,000 by end-2020 (from just below $1,800 currently). Country: United States To conclude, we forecast that the price of aluminium will rise to $2,000 by end-2020 (from just below $1,800 currently). https://www.expertmarketresearch.com/reports/facade-market. The global aluminium market is dominated by the transport and the construction segments. Legatum Prosperity Index 2020: Prosperity in Lockdown, Yuvoh Analytics | Airbnb Property Prices and Domestic Tourism in Europe. World primary aluminium production fell in September to 5.163 million tonnes, down 2.6% year-on-year and 3.12% on the month, according to the latest data from the International Aluminium Institute (IAI). The regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Aluminum prices trading at LME have remained under selling pressure and fell by 6.3 percent in July 2018 and averaged to settle at $2099/MT. Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market weighed on aluminium prices in the futures trade. This contrasts with the consensus, which expects prices to drift sideways. Jayajit Dash | Bhubaneswar Last Updated at October 31, 2019 18:47 IST. Daily Aluminum Price. Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. Fragile prices on the London … $ 1,935.28. per metric ton. Aluminum Corporation of China Limited(NYSE: ACH). Within the country, packaging, construction, and non-ferrous manufacturing account for the largest share of the end-use industry. Since February 2016, when the price of nickel reached a 13-year low,... Knoema, an Eldridge business, is the most comprehensive source of global decision-making data in the world. World and regional statistics, national data, maps and rankings, Discover new signals and insights from leading alternative and fundamental data providers, Latest releases of new datasets and data updates from different sources around the world. What’s more, it … The report tracks the latest trends in the industry and studies their impact on […], The new report by Expert Market Research titled, ‘Global Ceiling Tiles Market Price, Trends, Growth, Anaysis, Report and Forecast 2020-2025’, gives an in-depth analysis of the global ceiling tiles market, assessing the market based on its segments, applications, and major regions. https://www.expertmarketresearch.com/reports/perfume-market, Impact of COVID-19 on Global Façade Market: TRADING ECONOMICS provides forecasts for Commodity prices based on its analysts expectations and proprietary global macro models. Based on application, the market can be divided into transport, construction, electrical, packaging and foil, and consumer goods sectors, among others. The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the major regions. Aluminium futures up on spot demand | News. Another forecast from the International Monetary Fund (IMF) suggests that aluminum price will rise in 2020 and 2021 to $1,824/mt and $1,908/mt correspondingly reaching $2,159/mt by 2024. Please consider that while TRADING ECONOMICS forecasts for Commodities are made using our best efforts, they are not investment recommendations. Another major producer and exporter of aluminium is Australia. Okay to continue 1Y. According to a new report by EMR titled, ‘Global Aluminium Market Report and Forecast 2020-2025, the global aluminium consumption reached a volume of 68.6 million metric tons in 2019.The consumption is likely to increase at a CAGR of 3.63% in the forecast period of 2020-2025 to reach a volume of approximately 85 million metric tons by 2025. According to a new report by EMR titled, ‘Global Aluminium Market Report and Forecast 2020-2025, the global aluminium consumption reached a volume of 68.6 million metric tons in 2019. The Economist Intelligence Unit estimates a decline in global primary aluminium demand of 4.3% (5.9% previously) in 2020, before an increase of 4% in 2021 and 3.5% in 2022. Aluminum Market 2020-2024: Key Highlights. The growing transportation and automobiles industries are boosting the demand for aluminium. Nickel prices grew by 5.7 percent in February continuing a medium-term growth. Stock Market Exuberance Over COVID-19 Vaccine? Looking forward, we estimate it to trade at 1869.02 in 12 months time. 3. The consumption is likely to increase at a CAGR of 3.63% in the forecast period of 2020-2025 to reach a volume of approximately 85 million metric tons by 2025. Exhibitor Statements. Website: www.expertmarketresearch.com, According to a new report by Expert Market Research, ‘Global Limestone Market Report and Forecast 2020-2025’, the limestone market is further expected to grow at a CAGR of 4.7% over the forecast period of 2020-2025. You can change your personal cookie settings through your internet browser settings. Search and explore the world’s largest statistical database to find data. SHANGHAI, Nov 29 (SMM) – With 2019 drawing to a close, SMM presents a series of webinars on the non-ferrous metals market forecast in 2020. Updated forecast of operating capacity changes of aluminum smelters in China from Q4 in 2019 to Q1 in 2020. China is the leading producer within the Asia Pacific region as well as a significant consumer of aluminium. LME aluminium cash price, $/tonne 2019 forecast average price $1,786 2020 forecast average price $1,763. Monthly prices for sugar in the United States, Europe and worldwide 2014-2020 Monthly prices for Japanese liquefied natural gas from January 2014 to October 2020 Price of copper in China 2011-2013 Forecast of operating capacity changes of alumina refineries in China from Q4 in 2019 to Q1 in 2020. 2. The Metal price is forecasted to reach $0.4800079 by the beginning of January 2021. Live price charts, forecasts, technical analysis, news, opinions, reports and discussions. Yes, according to our forecasts, the Metal price is going to increase. Follow us on : A bearish forecast for aluminium prices in calendar 2020 is likely to rattle domestic producers. We identify the most relevant market trends to expect, while also providing detailed forecasts for price, demand, supply, production costs and market balance, per country, for up to 5 years. Instead, we expect mounting evidence of an improvement in demand, coupled with low stocks (see Chart 8), to support prices. We also provide state-of-the-art procurement intelligence through our platform, www.procurementresource.com Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking. Dec 5,2019 18:46 CST. The sample report shall be delivered to you within 24 hours. December 2020 E-magazine for ALUMINIUM 2021. Commodity Markets Outlook October 22, 2020 — While metal and agricultural commodities have … Market data. Instead, we expect mounting evidence of an improvement in demand, coupled with low stocks (see Chart 8), to support prices. Your details. Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives. Brent crude oil prices will average $41.42 per barrel in 2020 and $49.53 per barrel in 2021 according to the most recent forecast from the US Energy... Commodity Price Forecasts 2020-2030 | Data and Charts. Official LME-Prices in US Dollar 21. Are you sure you want to delete this document? LIVE FUTURES REPORT 21/12: LME prices retreat from 2020 highs; aluminium drops 1.4% on 30kt delivery London Dec 21, 2020 @ 10:38 IN CASE YOU MISSED IT: 5 key stories from December 18 The key insights of the report: The current forecasts were last revised on December 22 of 2020. 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