aluminium wire Pricing Assessment

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Aluminium Wire Price Trend, Analysis and Forecast

Q1 2024
In Q1 2024, the global aluminum wire market experienced a notable upward trend, driven primarily by a surge in demand from China, South Korea, and Vietnam. China’s continued industrial growth, alongside strong infrastructure and construction activity, has bolstered the demand for aluminum wire, reflecting an increasing trend in both production and consumption. Similarly, South Korea and Vietnam have seen growing demand for aluminum wire due to advancements in their manufacturing sectors, particularly in electronics, automotive, and renewable energy industries. This combined growth across these key regions is contributing to a tight supply and rising prices, with a continued focus on sustainability and innovation in aluminum production techniques.

Q2 2024
In Quarter 2 of 2024, the global market for aluminium wire is seeing notable upward trends, particularly driven by increasing demand in China, South Korea, and Vietnam. China, as the largest market, continues to experience robust industrial growth, particularly in renewable energy and electric vehicles, which are driving up the demand for aluminium wire in various sectors, including power transmission and construction. South Korea and Vietnam are also contributing to this increase, with South Korea’s advanced manufacturing sector relying heavily on aluminium for its electronics and automotive industries, while Vietnam benefits from expanding infrastructure and energy projects.

Q3 2024
In Quarter 3 of 2024, the global aluminium wire market experienced a notable decline, with significant downward trends in key regions, including China, South Korea, and Vietnam. In China, the market faced reduced demand due to lower industrial activity and slowing infrastructure projects, leading to decreased production and sales. Similarly, South Korea and Vietnam saw weaker market conditions as domestic consumption shrank, partly due to economic uncertainties and a slowdown in key manufacturing sectors. The combined effect of these factors resulted in a contraction in the aluminium wire market across these regions, with prices and production volumes dropping in tandem, reflecting a broader regional and global cooling of demand.

Q4 2024
In Quarter 4 of 2024, the global market for aluminum wire has experienced a notable upward trend, with China leading the charge. China’s demand for aluminum wire continues to surge, driven by robust industrial growth, especially in the automotive and electronics sectors, alongside an expanding infrastructure push. This surge in demand has influenced pricing and availability across global markets. South Korea and Vietnam are also seeing growing trends in their aluminum wire markets, fueled by increasing manufacturing activities and export demands. These countries, particularly South Korea, which is strengthening its role in high-tech manufacturing, and Vietnam, which benefits from a growing industrial base, are expected to further contribute to the demand for aluminum wire.

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is your trusted resource for tracking global aluminium wire price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the aluminium wire market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

In addition, provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With , you gain a competitive edge in understanding all the elements that influence aluminium wire prices worldwide. Stay ahead of the curve with ’s reliable, accurate, and timely aluminium wire market data.

Track 's aluminium wire price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in aluminium wire prices

Global Economic Downturn (2019-2020): The global economic slowdown, especially in sectors like construction, electrical, and automotive, led to reduced demand for aluminium wire, resulting in a significant decline in prices.

COVID-19 Pandemic (2019-2020): The pandemic severely impacted industries that rely on aluminium wire, such as power transmission and infrastructure, leading to decreased demand and a subsequent drop in prices.

Global Supply Chain Disruption (2022): Geopolitical tensions, such as the war in Ukraine, disrupted global supply chains, causing increased price volatility for raw materials like aluminium, which directly impacted aluminium wire prices.

These events highlight the aluminium wire market’s susceptibility to global economic and geopolitical disruptions, emphasizing the importance of closely monitoring market trends and supply-demand dynamics.

Methodology and Specifications

aluminium wire Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from diverse sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Insights from key market participants, including producers, suppliers, traders, and end-users across major aluminium wire production hubs.

Supply Chain Monitoring: We track the entire aluminium wire supply chain, from raw material availability to production and distribution.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, analyzing their impact on aluminium wire prices.

Economic Shifts: evaluates global macroeconomic conditions to predict shifts in aluminium wire demand.

Production Capacity and Supply Analysis

Current Production Monitoring: We track aluminium wire production facilities to assess current supply availability accurately.

Future Capacity Projections: Forecasts of upcoming aluminium wire production capacities and technological advancements.

Demand Forecasting

Sectoral Demand Analysis: In-depth analysis of demand trends from sectors like automotive, power distribution, and telecommunications.

Global Demand Dynamics: Regional demand variations and their impact on global pricing.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced models to forecast aluminium wire prices.

Scenario Analysis: We conduct best-case, worst-case, and most likely scenario assessments to help clients prepare for potential market shifts.

Reporting and Client Support

Specifications

Molecular Weight[g/mol]

CAS No

HS Code

760419

Molecular Formula

aluminium wire

Aluminum wire is a versatile product used in various applications, including electrical wiring, power transmission, telecommunications, and automotive industries. It is lightweight, corrosion-resistant, and has excellent electrical conductivity, making it ideal for energy-efficient solutions. Aluminium wire is available in various grades depending on the intended application, including bare, tinned, and coated wire.

Packaging Type

Container

Grades Covered

8011-10mm, 8011-10mm, 8011-10mm

Incoterms Used

FOB Shanghai (China), CIF Busan (China), CFR Hai Phong (China)

Synonym

Aluminium conductor

Quotation Terms:

50-60 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification
Standard	ASTM B211, B221, EN AW-8011
Chemical Composition	Al: 98.5% min, Fe: 0.6-1.0%, Si: 0.5-0.9%, Others: 0.15% max
Density	2.71 g/cm³
Temper	O, H14, H18, H22, H24, H26, H28
Tensile Strength	110-150 MPa
Yield Strength	85-120 MPa
Elongation	2-8%
Melting Point	640-660°C
Thermal Conductivity	200-240 W/m·K

Applications

Aluminium wire is widely used in electrical power distribution, transmission lines, and telecommunications infrastructure. Its light weight, corrosion resistance, and conductivity make it ideal for power transmission and networking cables. Additionally, the automotive industry utilizes aluminium wire in electric vehicles and hybrid vehicles for wiring solutions. In telecommunications, aluminium wires are used for telephone and internet cable.

Disclaimer

Aluminium Wire price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for aluminium wire. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence aluminum wire? +

Several factors influence the production, demand, and price of aluminum wire:

Raw Material Costs: The primary raw material for aluminum wire is aluminum wire. Fluctuations in the price of aluminum (affected by supply and demand, mining conditions, and geopolitical factors) can significantly influence aluminum wire prices.

Energy Prices: Aluminum production is energy-intensive and increases in energy costs (especially electricity) can raise production costs for aluminum wire.

Technological Advancements: Innovations in manufacturing processes or new alloys can impact the quality, production speed, and cost of aluminum wire.

Supply Chain and Logistics: Any disruptions in transportation or supply chains can affect the timely availability and cost of aluminum wire.

Market Demand: The demand for aluminum wire from key industries like construction, automotive, telecommunications, and electronics affects the market. Higher demand generally leads to price increases.

Environmental Regulations: Regulations around sustainability and carbon emissions in aluminum production can drive up costs as companies adopt more eco-friendly technologies.

How do feedstock prices impact aluminum wire? +

Feedstock prices, mainly aluminum wires, directly affect aluminum wire production costs. When the price of aluminum wires rises, the cost of producing aluminum wire increases, leading to higher wire prices. Global supply and demand, along with disruptions in the supply chain, can also impact on these prices.

What is the relationship between aluminum wire prices and inflation? +

Inflation raises production costs by increasing the prices of raw materials, labor, and energy. This leads to higher aluminum wire prices. Additionally, inflation can result in currency depreciation, making imports more expensive, further driving up wire prices.