In the first quarter of 2023, aluminum oxide prices across different regions exhibited varying trends. In Asia, prices initially faced challenges from supply excess and decreased trading activities, causing a decline. However, as consumer interest rebounded and bauxite supply tightened in Australia, prices surged and maintained momentum into the second quarter. In Europe, uncertain prices due to hesitant consumer orders and restricted supply from Russia were later offset by strong trading activities and reduced inventories, extending into the second quarter. North America saw early obstacles from a sluggish downstream sector and rising inventory levels, but a rise in procurement rates and reduced mining activities led to a positive price trend until mid-second quarter when a global shift in mining dynamics negatively impacted prices.
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Definition
Aluminum oxide (Al2O3), commonly known as alumina, is a versatile compound with diverse properties. It is a white or colorless crystalline solid with a high melting point, exceptional hardness, and impressive thermal stability. Alumina exhibits excellent electrical insulating properties while also being a good conductor of heat. Its corrosion resistance is remarkable, making it ideal for use in harsh environments. Alumina is a key component in ceramics, refractories, and abrasives due to its hardness and durability. It is also used in the production of aluminum metal, as a catalyst support, and in a range of industrial applications where its exceptional properties find use.
Key Details About the Aluminum Oxide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Aluminum oxide in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Aluminum Oxide Price chart, including India Aluminum oxide price, USA Aluminum oxide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Aluminum Oxide Price Trend:
Aluminum oxide, or alumina (Al2O3), finds a multitude of industrial uses due to its exceptional properties. It is a crucial abrasive material employed in grinding wheels, sandpaper, and abrasive blasting. In the refractory industry, alumina is essential for high-temperature applications, lining furnaces, and kilns. Its electrical insulating and thermal conductivity qualities make it valuable in the ceramics industry for manufacturing cutting tools, insulators, and electronic substrates. Alumina is used as a catalyst support, a component in fire-resistant coatings, and for dental and medical implants. It also plays a role in water purification, electronics manufacturing, and as a dielectric material, demonstrating its versatility across various sectors.
Key Players:
- Aluminum Corporation of China Limited (CHALCO)
- Xinfa Group Co Ltd
- Alcoa Corporation
- China Hongqiao Group Limited
- Sasol
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