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Aluminium wire prices in the United States were mixed in the fourth quarter of 2022 owing to transportation bottlenecks caused by a lack of containers, shippers, and truck drivers, as well as long lead times at ports and other transportation hubs. Participants in the US market were concerned that additional European production cuts had caused the material to become extremely tight in October, causing psychological consequences in the US and raising premiums. Due to the bleak outlook for downstream demand in November and December, suppliers of aluminium wires were hesitant to sell inventories at lower prices. The ongoing decline in downstream demand, combined with the low-carbon differential, puts downward pressure on the aluminium market. Manufacturers report that some restocking of aluminium wire occurred in the fourth quarter due to low end-user inventory levels and bearish sentiment. The end-of-year restocking drive was unlikely to happen this year. Instead, due to a drop in demand for aluminium wire, many end users started their new year's vacation earlier than usual.

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