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United StatesQ1 2025
In Q1 2025, Hastelloy experienced a notable price increase, rising by $32,018 per metric ton, FOB Shanghai a 0.68% uptick compared to the previous quarter. This price movement reflects ongoing global demand for high performance alloys in critical sectors such as chemical processing, aerospace, and marine engineering. The modest percentage increase, despite the substantial absolute rise in price, indicates a strong baseline value for Hastelloy, likely influenced by supply chain constraints, increased raw material costs (notably nickel and molybdenum), and sustained industrial consumption. Market sentiment remains bullish as end-users continue to prioritize corrosion resistance and durability, supporting a steady upward pricing trend into the second quarter.
Q4 2024
In Q4 2024, Hastelloy experienced a price decrease of $31,801 per metric ton, FOB Shanghai representing a 1.83% decline. This downward trend suggests a softening in demand or a potential oversupply in the market. Factors contributing to the price drop could include reduced activity in key industries such as aerospace, chemical processing, or marine engineering, where Hastelloy is commonly used due to its corrosion resistance and high-performance capabilities. Additionally, macroeconomic factors such as lower raw material costs or improved supply chain efficiencies may have also played a role in easing prices. Despite this decline, Hastelloy remains a premium alloy, and its long-term value is likely to remain strong due to its specialized applications.
Q3 2024
In Q3 2024, Hastelloy experienced a notable price decline of $32,394 per metric ton, FOB Shanghai marking a 7.08% drop from the previous quarter. This decrease can be attributed to a combination of factors, including softening demand in key industries such as aerospace and chemical processing, alongside increased global inventory levels. Additionally, fluctuations in raw material costs particularly nickel and molybdenum contributed to downward pricing pressure. The market may also have been influenced by cautious procurement strategies from buyers amid economic uncertainty, leading to a temporary surplus and a subsequent correction in pricing. This trend suggests a cooling in short-term demand, though long-term prospects remain stable given Hastelloy’s continued relevance in corrosion-resistant applications.
Q2 2024
For Quarter 2 of 2024, Hastelloy, a high-performance alloy known for its corrosion resistance, is seeing a price increase of $34,862 per metric ton, FOB Shanghai reflecting a 6.79% rise. This price hike can be attributed to several factors, including increased demand for specialized materials in industries like aerospace, chemical processing, and energy, alongside rising raw material costs and inflationary pressures. Additionally, supply chain disruptions or challenges in production could be influencing these price adjustments. The upward trend in Hastelloy prices indicates a tightening market, and businesses reliant on this material may need to adjust their budgets or seek alternative sourcing strategies to manage the financial impact.
Q1 2024
In the first quarter of 2024, Hastelloy experienced a notable price decrease of $32,647 per metric ton, FOB Shanghai representing a 0.96% decline from the previous quarter. This downward shift suggests a moderation in demand or an increase in global supply, potentially driven by stabilized raw material costs or improved production efficiencies. Market sentiment may also have been influenced by easing geopolitical tensions or reduced procurement activity in key sectors like chemical processing and aerospace. Despite this dip, the relatively modest percentage change indicates that the market remains relatively stable, and the long-term outlook for Hastelloy continues to be shaped by its critical role in corrosion-resistant applications.
Q1 2025
In Q1 2025, Hastelloy prices in India rose by $49,442 per metric ton, Ex-Mumbai marking a 2.64% increase driven by global and domestic factors. This upward trend reflects tightening global supply due to export restrictions on nickel from Indonesia and labour disruptions in molybdenum mining in Chile both critical components of Hastelloy. At the same time, rising demand from industries such as aerospace, chemical processing, and power generation has sustained pricing pressure, given Hastelloy’s importance in high-performance, corrosion-resistant applications. Additionally, higher production costs, stemming from complex manufacturing processes and increased logistics and freight expenses, have further contributed to the price escalation. The Indian market mirrors global patterns, where price stability in Western regions contrasts with modest increases in Asia due to shifting supply-demand dynamics.
Q4 2024
In Q4 2024, Hastelloy India implemented a price increase of $48,173 per metric ton, Ex-Mumbai equating to a 0.05% rise. This adjustment reflects the company’s strategic response to escalating raw material costs, particularly nickel and molybdenum, which are integral to Hastelloy’s production. Despite the modest percentage increase, the substantial absolute value indicates a deliberate effort to maintain profitability amid inflationary pressures and supply chain constraints.
The timing of this price hike aligns with global trends, as markets in regions like the United States and Japan experienced price fluctuations due to varying demand and economic conditions. For instance, in September 2024, the U.S. saw Hastelloy prices at $68,500 per metric ton, while Japan’s prices were higher at $84,900 per metric ton, influenced by factors such as manufacturing demand and business confidence. This global context underscores the necessity for local producers like Hastelloy India to adjust pricing strategies to remain competitive and sustain margins in a dynamic market environment.
Q3 2024
In Q3 2024, Hastelloy prices in India experienced a notable decline of $48,147 per metric ton, Ex-Mumbai reflecting a 4.53% decrease. This downturn was influenced by several global factors, including reduced demand in key sectors such as automotive and construction, particularly in regions like Japan and the UAE. Additionally, the global oversupply of nickel, a primary feedstock for Hastelloy, contributed to lower production costs, further exerting downward pressure on prices. These dynamics underscore the interconnectedness of global markets and their impact on India’s Hastelloy pricing landscape.
Q2 2024
In Q2 2024, Hastelloy prices in India rose by $50,431 per metric ton, Ex-Mumbai marking a 4.82% increase. This was driven by global nickel shortages due to mine disruptions in Brazil and New Caledonia, along with geopolitical tensions affecting metal supply. Despite global supply challenges and mixed demand trends, especially in markets like the UAE, India saw strong demand from aerospace and chemical sectors, supporting the price rise.
Q1 2024
In Q1 2024, Hastelloy prices in India experienced a notable decline, with a reduction of $48,112 per metric ton, Ex-Mumbai equating to a 0.98% decrease. This downturn can be attributed to several key factors. Firstly, the global nickel market faced pressures, including export restrictions from major producers like Indonesia, leading to supply constraints and increased production costs for Hastelloy. Additionally, geopolitical tensions and trade disruptions, such as sanctions affecting Russian nickel exports, further exacerbated supply chain challenges. Domestically, sluggish demand from key sectors like automotive and infrastructure, coupled with seasonal slowdowns, contributed to the softened market sentiment. These combined factors resulted in an observed price decrease during the quarter.
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Molecular Weight[g/mol]
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Hastelloy is a high-performance corrosion-resistant alloy primarily composed of nickel, molybdenum, and chromium. It is designed for use in extreme environments where resistance to corrosion, high temperatures, and pressure is critical. Hastelloy is commonly used in industries such as chemical processing, aerospace, and nuclear power, where materials are exposed to harsh chemicals, acids, and high heat. Known for its superior strength and resistance to stress corrosion cracking, Hastelloy is available in various grades, each tailored to specific industrial needs. Its exceptional durability and performance make it an indispensable material in the manufacture of equipment like reactors, heat exchangers, and piping systems. By enhancing reliability and lifespan in demanding environments, Hastelloy supports the development of advanced technologies and industries requiring robust, high-performance materials.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
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.
| Parameter | Specification / Property |
| Material Grade | Hastelloy C-276 (Common Grades) |
| Standard Specifications | ASTM B575 / ASME SB575 |
| Form | Plate |
| Thickness Range | 0.5 mm to 50 mm (customizable based on requirement) |
| Width | Up to 2000 mm (standard: 1000 mm, 1250 mm) |
| Length | Up to 6000 mm (standard: 2500 mm, 3000 mm) |
| Density | 8.89 g/cm³ |
| Tensile Strength | ≥ 690 MPa (depending on grade) |
| Yield Strength (0.2% offset) | ≥ 283 MPa (depending on grade) |
| Elongation | ≥ 40% |
Applications
Chemical Processing: Hastelloy is widely used in chemical plants for reactors, heat exchangers, columns, and piping systems due to its exceptional resistance to strong acids, oxidizing agents, and chloride-induced corrosion.
Hastelloy is a high-performance alloy primarily composed of nickel, with varying amounts of molybdenum, chromium, cobalt, and iron, engineered for exceptional resistance to corrosion and extreme environments. It is widely used in industries requiring superior chemical resistance, including chemical processing, aerospace, marine, and power generation. Hastelloy is particularly valued for its ability to withstand aggressive chemicals, high temperatures, and oxidizing or reducing agents, making it ideal for reactors, heat exchangers, pressure vessels, and piping systems. Its robustness and long-term reliability under harsh conditions ensure structural integrity and operational safety in demanding applications. Hastelloy’s versatility and durability make it an indispensable material in environments where standard alloys would degrade rapidly.
The pricing of Hastelloy is influenced by several factors, including:
i. Supply & Availability
• Primary Production: Hastelloy is produced by specialized foundries and mills that focus on high-performance alloys. The raw materials—primarily nickel, molybdenum, and cobalt, must be sourced from global suppliers. Limited production capacity for high-end alloys can create supply bottlenecks.
• Raw Material Availability: Nickel and molybdenum, essential components in Hastelloy, are sourced from mines primarily in countries like Indonesia, the Philippines, Russia, and Canada. Disruptions in these regions (e.g., mining strikes, geopolitical issues) can affect the availability and cost of these materials, thus impacting Hastelloy pricing.
ii. Demand from Key Industries
• Chemical & Petrochemical Industries: Hastelloy is highly valued in industries where extreme corrosion resistance is required, such as in chemical reactors, heat exchangers, and piping systems. Demand in these industries is closely tied to growth in chemical production and refining.
• Aerospace & Defence: Hastelloy is also used in high-temperature, high-stress applications in the aerospace and defence sectors (e.g., gas turbines, engine components). Demand from these sectors drives premium pricing.
• Power Generation & Environmental Technologies: The alloy’s resistance to corrosion in power generation (especially nuclear and fossil fuel plants) and environmental technologies (such as scrubbers and reactors) makes it a critical material in these industries.
iii. Grade & Alloy Composition
• Alloy Variants: Hastelloy is available in several grades (e.g., Hastelloy C-276, Hastelloy C-22, Hastelloy B-3), each with varying levels of corrosion resistance, temperature tolerance, and application-specific properties. Different grades command different prices depending on their performance characteristics and manufacturing complexity.
• Purity & Processing: The purity of the alloy (higher nickel or molybdenum content) and the precision of processing (e.g., forging, rolling, or machining) affect the final price. Higher purity alloys or those with more complex processing requirements tend to be more expensive.
iv. Geopolitical Factors
• Mining & Export Regulations: Countries that produce key raw materials (nickel, molybdenum) may impose export restrictions, tariffs, or quotas, which can drive up the price of these materials. This, in turn, affects Hastelloy pricing, particularly for custom or high-purity grades.
• Trade Agreements & Tariffs: Hastelloy pricing can be influenced by trade tariffs, especially between major industrial regions (e.g., the U.S., EU, and China). Tariffs on raw materials or finished products can increase costs for producers and consumers.
v. Market Speculation & Investment Trends
• Nickel & Molybdenum Price Fluctuations: Hastelloy is sensitive to the price of its key raw materials—nickel and molybdenum, both of which are traded as commodities. Price fluctuations in these metals, driven by factors such as mining output or global demand, can lead to price volatility in Hastelloy.
• Metal Investment Trends: Investors and speculators in metals markets can influence the price of high-performance alloys like Hastelloy. If nickel or molybdenum markets are seeing speculative buying due to forecasts of shortages or demand increases, this can push Hastelloy prices higher.
vi. Alternative Materials & Substitutes
• Substitution with Other Alloys: Hastelloy is often used in environments where alternatives, such as stainless steel or titanium alloys, may fail due to corrosion. However, due to Hastelloy’s specific high-performance qualities, there are limited substitutes in some specialized applications.
• Innovation in Materials Science: New alloys or processing techniques may create alternative materials that perform similarly to Hastelloy at lower costs. However, due to the specialized nature of Hastelloy, alternatives are typically only viable in a limited range of applications.
vii. Processing & Refinement Costs
• Specialized Manufacturing: Producing Hastelloy requires advanced manufacturing techniques such as casting, forging, and precision machining, which are more labour- and energy-intensive than the production of standard alloys. These specialized processes contribute significantly to the final price.
• Energy & Labor Costs: The production of Hastelloy is energy-intensive, especially in the refinement of high-purity alloys. Energy costs, labour costs (skilled workers), and the maintenance of specialized equipment influence the overall cost of producing and processing Hastelloy.
viii. Currency Exchange Rates
• Global Trade in USD or Local Currency: Hastelloy is often traded internationally, with pricing typically denominated in U.S. dollars. Fluctuations in exchange rates between the dollar and local currencies (e.g., the euro, yen, or rupee) can impact the cost of importing or exporting Hastelloy.
• Hedging & Contract Pricing: Long-term supply contracts for Hastelloy may incorporate hedging mechanisms to manage price volatility in raw materials or foreign currencies. As such, changes in exchange rates can influence both pricing stability and cost competitiveness.
Rising feedstock prices increase the cost of producing hastelloy, leading to higher market prices and potential supply constraints.
Inflation can raise Hastelloy prices by increasing the cost of raw materials like nickel, molybdenum, and cobalt, as well as energy and specialized manufacturing processes. Additionally, inflation-driven investment in chemical processing, aerospace, and marine industries where Hastelloy is prized for its corrosion resistance can boost demand, further pushing prices upward.
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