The price of 5083 Aluminum Plate for LNG Storage Tanks Remains High

5083 aluminum alloy plate is an ideal material for manufacturing LNG storage tanks due to its low-temperature resistance, high strength, and corrosion resistance. With increasing demand for LNG fuel and storage, the price of 5083 aluminum plates has hit a new high in recent years.

LNG storage tanks require materials that can withstand extremely low temperatures of -163°C, have high strength and toughness, and resist risks like corrosion. 5083 aluminum alloy is a special aluminum alloy for low temperature with contents of Mg and Si, which endow it with superb cryogenic toughness and strength. It does not become brittle even under -70°C and thus ensures the safe operation of LNG storage tanks.

The high strength of 5083 aluminum plate also provides sufficient load-bearing capacity for large LNG storage tanks. In addition, it has excellent weathering resistance and corrosion resistance in marine environments, suitable for LNG tanks in coastal areas and ports. The material properties of 5083 aluminum make it unmatched by other metals for LNG tank manufacturing.

With the increasing demand for LNG fuel in recent years, especially for ships and heavy trucks, the global LNG storage tank market is growing rapidly. This drives up the demand and price for 5083 aluminum plate which is the primary raw material for building LNG tanks. According to industry data, the price of 5083 aluminum plate has increased by more than 20% over the past two years. Some experts predict that demand may exceed the supply capacity of 5083 aluminum in the next few years, indicating continued growth in its price.

Overall, 5083 aluminum plate for LNG storage tanks is essential, but also the main cost driver. With increasing LNG consumption worldwide, 5083 aluminum plate is likely to see sustained market demand and price growth in the long run. Its technical advantages in manufacturing large LNG storage tanks secure its position in the market.