aluminium ingot Pricing Assessment

Markets Covered:

China

India

United States

Russia

Ukraine

France

Spain

Sweden

Norway

Germany

Finland

Aluminium Ingot Price Trend, Analysis and Forecast

Q1 2024

In Q1 2024, the global aluminum ingot market exhibited divergent trends across key regions. China’s aluminum ingot prices and production surged, driven by strong domestic demand, infrastructure projects, and expanding export activities. Conversely, India, the USA, and the UK faced declining trends in aluminum ingot prices, primarily due to subdued manufacturing activity, reduced construction demand, and increased competition from lower-cost imports. These contrasting patterns highlight China’s growing dominance in the global aluminum market while reflecting economic slowdowns and demand contractions in other major regions.

Q2 2024

In Q2 2024, the global aluminum ingot market experienced notable upward trends across key regions, driven by increased industrial demand and supply chain dynamics. In China, the market saw significant growth fueled by robust domestic manufacturing activities and government-backed infrastructure projects, further supported by tightened environmental regulations that constrained supply. India mirrored this growth with rising demand from the automotive and construction sectors, alongside policy incentives for local production. In the UK and the USA, the trends were driven by a combination of restocking efforts, increased investment in renewable energy projects, and steady recovery in manufacturing. The convergence of these regional dynamics contributed to a global price escalation for aluminum ingots during this quarter.

Q3 2024

In Q3 2024, the global aluminum ingot market experienced a notable downtrend, driven by declining prices across major regions such as China, India, the UK, and the USA. In China, oversupply and muted domestic demand amidst sluggish industrial activity contributed to the price dip. Similarly, India faced reduced export orders and subdued manufacturing demand, further pressuring prices downward. In the UK and the USA, weak economic conditions, rising energy costs, and diminished construction and automotive activity weighed on aluminum demand, exacerbating the global price decline. These combined factors underscored a synchronized softening in the aluminum ingot market during this period.

Q4 2024

In Q4 2024, the global aluminum ingot market experienced a significant upward trend, driven by robust demand and constrained supply across key regions. In China, prices surged due to heightened industrial activity and a government push for infrastructure projects, compounded by reduced production stemming from energy consumption restrictions. Similarly, India saw a price increase fueled by strong domestic demand from the automotive and construction sectors, alongside rising input costs. In the UK, aluminum prices climbed amidst supply chain disruptions and currency fluctuations, which increased import costs. Meanwhile, the USA faced growing demand from the aerospace and renewable energy industries, alongside limited domestic production, which further supported the upward price momentum. This synchronized trend reflects the broader global dynamics of rising demand and constrained supply, pushing aluminum ingot prices higher across these major markets.

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is your trusted resource for tracking global aluminium ingot price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the aluminium ingot market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

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Track 's aluminium ingot price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in aluminium ingot prices

Global Economic Downturn (2019-2020): The worldwide economic slowdown caused a significant decline in industrial activity, particularly in key sectors such as construction and manufacturing, resulting in a reduced demand for aluminum ingots and a substantial drop in prices.

COVID-19 Pandemic (2019-2020): The pandemic severely impacted aluminum ingot demand, with sharp declines in usage across transportation, aerospace, and infrastructure development, leading to decreased production levels and price reductions.

Global Supply Chain Disruption (2022): Geopolitical tensions, notably the Russia-Ukraine conflict, disrupted international supply chains, creating volatility in aluminum ingot prices and impacting the availability of bauxite and alumina, critical raw materials for ingot production.

These events underscore the aluminum ingot market’s vulnerability to global economic and geopolitical shifts, highlighting the need for adaptable strategies to navigate supply-demand challenges.

Methodology and Specifications

aluminium ingot Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.
On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Aluminum Ingot production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.
Supply Chain Monitoring: We track the entire Aluminum Ingot supply chain, from raw material availability (Bauxite) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Aluminum Ingot prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.
Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging), to predict shifts in Aluminum Ingot demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Aluminum Ingot production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.
Future Capacity Projections: Our research includes detailed forecasts of upcoming Aluminum Ingot production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.
Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Aluminum Ingot pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast Aluminum Ingot prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.
Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.
Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable Aluminum Ingot pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

CAS No

HS Code

76011010

Molecular Formula

aluminium ingot

Aluminum ingots are primary aluminum products obtained by smelting and refining raw bauxite ore. Known for their lightweight nature, corrosion resistance, and excellent conductivity, aluminum ingots are widely utilized in industries such as construction, transportation, packaging, electrical, and consumer goods. Aluminum’s malleability, strength-to-weight ratio, and recyclability make it a versatile material for manufacturing components like automotive parts, aircraft structures, electrical conductors, and packaging materials. With high thermal and electrical conductivity, aluminum ingots also play a critical role in applications demanding energy efficiency.

Packaging Type

Container

Grades Covered

Purity:99.7%, Purity:99.5%(IC20), Purity:99.7%(P1020A)

Incoterms Used

FOB Shanghai, Ex-Mumbai, FD-Willich, Del Alabama

Synonym

Primary Aluminum, Al Ingot

Quotation Terms:

25-30 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification (A7 Grade)	Specification (P1020 Grade)
Purity (%)	99.70% – 99.90%	99.50% – 99.70%
Silicon (Si) Content	≤ 0.10%	≤ 0.15%
Iron (Fe) Content	≤ 0.20%	≤ 0.25%
Copper (Cu) Content	≤ 0.01%	≤ 0.01%
Zinc (Zn) Content	≤ 0.01%	≤ 0.01%
Magnesium (Mg) Content	≤ 0.02%	≤ 0.03%
Density	2.70 g/cc	2.70 g/cc
Melting Point	660°C	660°C

Applications

Aerospace: Aircraft frames, components, and parts • Automotive: Body panels, wheels, engine components • Construction: Structural materials, roofing, window frames • Electrical: Conductors, cables, transformer windings • Packaging: Beverage cans, foil, food containers • Marine: Shipbuilding, boat hulls, offshore structures • Household Goods: Cookware, appliances, furniture • Industrial Machinery: Equipment parts, tooling, dies • Other: Solar panels, heat exchangers, decorative items

Disclaimer

Aluminium Ingot price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for aluminium ingot. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence aluminum ingots? +

Several factors can influence the price and production of aluminum ingots, including:

Supply and Demand: The global supply and demand for aluminum are major determinants. Increased demand in industries like automotive, construction, and electronics can drive prices up. A surplus of aluminum can lead to a price drop.

Energy Costs: Aluminum production is energy-intensive, particularly in the smelting process. Therefore, fluctuations in energy prices (like electricity and natural gas) can significantly affect the cost of producing aluminum ingots.

Raw Materials: Aluminum is primarily produced from bauxite, and the availability and cost of bauxite and other raw materials like caustic soda and petroleum coke can impact the production of aluminum ingots.

Exchange Rates: Since aluminum is traded globally, the value of currencies, particularly the US dollar (in which aluminum prices are often quoted), can influence prices.

Geopolitical Factors: Political instability in key aluminum-producing regions (such as China, Russia, or the Gulf countries) can disrupt production and supply chains, causing price fluctuations.

Technological Advancements: Innovations in production methods, such as more efficient smelting technologies, can lower costs, making aluminum ingots more affordable.

Environmental Regulations: Stricter environmental regulations and carbon pricing can raise production costs, impacting aluminum prices.

Global Economic Conditions: Economic cycles, including recessions or periods of growth, can have a significant impact on industrial demand for aluminum ingots.

How do feedstock prices impact aluminum ingots? +

Feedstock prices, such as bauxite, alumina, and energy materials (like electricity and petroleum coke), directly affect aluminum ingot production costs. When the prices of these feedstocks rise, the overall cost to produce aluminum ingots increases, which can drive up their market price.

What is the relationship between aluminum ingots prices and inflation? +

Aluminum ingot prices are influenced by inflation through higher production costs (raw materials, energy, labor) and currency depreciation. Inflation can also reduce consumer demand, affecting aluminum prices, though supply-side factors like rising energy costs may lead to price increases despite inflation.