North America Monel Prices Movement Q4

Monel Prices in USA:

In the last quarter of 2023, the Prices of Monel in the US reached a dramatic climax of $59,060 per metric ton during December. The initial cause was the increased demand, especially from the automobile and chemical industries, which had fairly limited materials like Nickel. However, subsequent demand was reduced with higher inventories, resulting in prices diving downwards into December. Severe winter conditions plus uncertainties from policies further halted market activities; thus leading to price drop in spot.

Monel Prices in Japan:

The Monel price trend in China for Q3 2024 fell at 1240 USD/MT in September. Hence, In December 2023, monel sales increased prices to a maximum of $45544 per metric ton in Japan. Price declines across the market came mainly because of a decreased consumption of metals from the automobile and chemical sectors as well as an oversupply. The market strain was also a result of increased local production and active disruption of most global trade routes, leading to depressed prices.

Monel Prices in Germany:

As regards prices for monel in Germany, they attained $45,940 per metric ton in the month of December, Q4 2023. Prices initially surged due to enormous demands in the automotive and chemical sectors but later fell because of excess supply. The market was affected by falling electric vehicle sales, an EU carbon tax discussion, and green steel, which have brought about a reduced demand for most traditional Monel products.

Monel Prices in UAE:

The price of Monel in UAE has reached $38,345 per metric ton as of December 2023. However, the market recorded a slight decline due to reduced local demand and more supply from Asia. This additionally resulted from a continued export ban on scrap materials and disruptions in global trade routes, leading to further falls in prices witnessed in the quarter.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Monel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Monel price trend, offering key insights into global Monel market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Monel demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

Request to Get the Sample Report:  https://www.imarcgroup.com/monel-pricing-report/requestsample

 
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