Extruded Aluminum Market Slumps
The international aluminum extrusion market gradually shows signs of weakness since the beginning of this year. When come into the first quarter of 2013, it continues to be bad after the end of last year's vibranay. Especially with the slowdown of economic growth as well as the construction, automotive and processing industries tend to be weak, thus causing of extruded aluminum requirements appetite. And consumers control new purchases in order to avoid locking large inventories on hand in the high-priced. Significantly reduced orders and prices faced downward pressure and the corresponding manufacturers are difficult to maintain profits. But another peak season for the second quarter is expected that with the end of the spring off-season as well, the U.S. aluminium extrusion enclosures market is expected to once again turn the rebound.
European Extruded Aluminum Market Demand
In contrast, the European economy remains positive, and the corresponding extruded aluminum cases market demand is still more active. But with the billet supply shortage, the smelter house will further improve the billet premium extruded aluminum prices. And market prospects for the second half of this year is expected to maintain good still more active producers operating. In Asia, with the Chinese government stop the blind investment in aluminum and alumina industry, which will lead to investment in aluminum industry steering extrusion, rolling and semi-processed products. Market analysis of raw materials and billet the Midwest P1020 aluminum ingots premium from 3.5 to 4.5 cents / lb reduced from 3.75 to 4.25 cents / lb, the market tends to differential expansion of the terms of the weak as well as between the buyer and the seller, so that the price slightly decreased from 3.6 to 4.25 cents / lb. Overall, with the slowdown in U.S. economic growth momentum, adequate supply as well as the London Metal Exchange (LME) prices rising, the market is relatively commonplace. In view of the considerable European market premium and attract a large number of aluminum, resulting in the U.S. market tends to be in short supply. At the same time, the increase in U.S. market billet supply and weaker demand, especially in the first quarter of this year, the U.S. housing start in the same period last year with sharp declines in 30%, and the second quarter is still no improvement from the beginning of the year to 8.5 U.S. trading premium decreased from 7.5 to 8.5 cents / lb.
European Extruded Aluminum Market Prices
In Europe, the recent duty-paid aluminum ingots premium remains stable, and the majority of trading is in the 165 to 180 U.S. dollars / ton. Under the original proposal, in March this year, the import duty is reduced from 6% to 3%, then further cut to zero by 2015, the result is rejected. Under the new proposal the recent import duty from 6% down to 3% in three years to repeal the 3% tax. According to the agreement reached by the EU and the Gulf Cooperation Council (GCC), at the end of this year, the government will cancel the import tax of 6% of the alloy and non-alloy aluminum imports from the GCC. At the same time, the European billet market supply shortage causes billet facing rising pressure at a premium.
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