Classified Id: 947895
Classified
Title:
Inconel Price Trend and Forecast
Category: For All:General
City: New york Locality: New York
Date Listed/Updated: 2022-08-25
Author/Publisher name:
Description: During the second quarter of 2022, Inconel price in the United States exhibited a spiraling trend, owing primarily to raw material shortages, particularly nickel-chromium and molybdenum, and a limited supply chain amid ongoing geopolitical events. Inconel prices varied significantly across regions due to higher freight costs and limited import options. According to market participants, raw material price inflation in the United States unexpectedly increased in May, putting pressure on the Federal Reserve to raise interest rates. Furthermore, reduced production activity in the regional market resulted from reduced production and new orders added to the work backlog. Meanwhile, the rate of cost inflation has accelerated, with firms passing on higher costs to buyers in the form of production charges. As a result, the prices of Alloy 600 and Alloy 625 for Ex Florida settled at USD 105990/MT and USD 121540/MT, respectively.
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