For the Quarter Ending September 2024
North America
In Q3 2024, the North American market witnessed mixed pricing trend for Aluminium Trihydrate. In Q3 2024, the Aluminium Trihydrate market in North America exhibited a mixed pricing trend, influenced by varying demand dynamics and supply chain challenges. In July, prices experienced a slight decline as the market reacted to a temporary oversupply and stable bauxite costs. This downward trend was bolstered by steady demand from the construction and automotive sectors, which had shown resilience throughout the year.
However, by August and September, prices began to recover, driven by increasing import costs and supply disruptions from key international suppliers. The surge in aluminium feedstock prices, particularly in response to geopolitical tensions affecting supply chains, added upward pressure on Aluminium Trihydrate prices. Despite the mixed trends, demand remained stable, supported by ongoing infrastructure projects and a rebounding housing market.
The overall sentiment in the North American market reflected a balancing act between supply constraints and robust demand, with manufacturers facing higher production costs while striving to maintain profitability. As a result, the quarter concluded with a moderate increase in prices, highlighting the volatility and complexity of the Aluminium Trihydrate market in North America.
APAC
In Q3 2024, the Aluminium Trihydrate market in the APAC region exhibited a notable upward pricing trend, particularly in September, driven by increased import costs from India, which experienced a 5% rise in aluminium feedstock prices. This surge directly impacted Taiwan, where Aluminium Trihydrate was vital for flame-retardant paints and coatings. Despite a price decline in July due to rising bauxite costs and a correction from earlier peaks, prices rebounded in September as supply chain disruptions persisted. Demand remained steady across both markets, fueled by ongoing construction projects in Saudi Arabia under the Vision 2030 initiative and seasonal activities in Taiwan. However, the increased costs posed challenges for downstream industries, potentially tightening profit margins for Saudi Arabian contractors and raising production costs for Taiwanese manufacturers, especially in the electronics and high-tech sectors. The overall sentiment in Q3 reflected resilience in demand amid rising prices, with the construction and automotive sectors driving consumption, despite concerns over labour shortages and rising input costs that may temper future demand growth. In Taiwan specifically, the pricing trend exhibited a consistent upward trajectory throughout Q3 2024. The quarter recorded a notable percentage change of 3% from the previous quarter, with a further 4% increase noted between the first and second halves of the quarter. The quarter-ending price for in Taiwan stood at USD 330/MT, reflecting the prevailing positive sentiment in the pricing environment.
Europe
In Q3 2024, the European Aluminium Trihydrate market exhibited a mixed pricing trend, shaped by fluctuating demand and ongoing supply challenges. In the first half of the quarter, prices experienced a decline, primarily due to a temporary oversupply and stable bauxite costs, which provided relief to downstream manufacturers reliant on Aluminium Trihydrate for various applications. The construction and automotive sectors continued to show resilience, supporting steady demand during this period. However, by August and September, prices began to rebound, driven by increasing import costs and disruptions in supply chains from key international suppliers. The rise in aluminium feedstock prices, exacerbated by economic uncertainties and geopolitical tensions, placed upward pressure on Aluminium Trihydrate prices across the region. Despite these price fluctuations, overall demand remained robust, fueled by ongoing infrastructure projects and an active construction market. The market sentiment in Europe reflected a delicate balance between supply constraints and strong demand, with manufacturers grappling with higher production costs. As a result, Q3 concluded with a moderate price increase, underscoring the volatility and complexity inherent in the Aluminium Trihydrate market in Europe
