In the context of economic globalization, the price fluctuations in the aluminum extrusion profile market are influenced not only by supply and demand but also closely linked to international aluminum ingot prices,the economic environment, and policy regulations. In 2024, how to seek opportunities and stability amid changing price trends in the aluminum profiles market is a question worth pondering.
Firstly, the international aluminum ingot price serves as a barometer for the global economy; aluminium being the second most traded non-ferrous metal globally, is significantly affected by the international market. With the uncertainty of global economic recovery in 2024, fluctuations in international aluminum prices are also intensifying. According to data from the London Metal Exchange, aluminum prices surged to USD3000 per ton at the begining of the year, due to energy crises.With a USD 2500-2800 per ton throughout the year. For the aluminium profiles window and door industry, this means an increase in raw material costs, and companies need to respond by improving production efficiency and optimizing cost structures.
Secondly, the supply and demand relationship is the core factor in price trends for the aluminium profile market. With the rapid development of emerging energy fields such as new energy vehicles and green buildings, the demand for aluminium profile continues to grow. According to forecasts by the China Nonferrous Metals Industry Association, domestic demand for aluminum profiles will increase to 15 million tons in 2024, an 8% increase compared to the previous year. However, constrained by energy costs and environmental policies, the release of aluminum profile production capacity is slow, with an expected annual production capacity increase to only 14.5 million tons. The supply-demand gap will lead to upward price pressure.
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