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Aluminium Ingot Price Trend and Forecast

UNSPC code: 30265202
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âźł Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

aluminium ingot Price Trends by Country

cnChina
inIndia
usUnited States
deGermany

Global aluminium ingot Spot Market Prices, Trend Analysis and Forecast

Price-Watch’s most active coverage of Aluminium Ingot price assessment:

  • Purity:99.7% FOB Shanghai, China
  • Purity:99.5%(IC20) Ex-Mumbai, India
  • Purity:99.7% FD-Willich, Germany
  • Purity:99.7%(P1020A) Del Alabama, USA
  • Purity:99.5%(IC20) Ex-West India, India
  • Purity:99.7%(P1020) Ex-Faridabad, India
  • Purity:99.7%(P1020) Ex-North India, India
  • Purity:99.7%(P1020) Ex-Chennai, India
  • Purity:99.7%(P1020) Ex-South India, India
  • Purity:99.7%(P1020) Ex-Korba, India
  • Purity:99.7%(P1020) Ex-Central India, India
  • Purity:99.5%(IC20) Ex-Bhubaneswar, India
  • Purity:99.5%(IC20) Ex-East India, India

Aluminum Ingot Price Trend Q3 2025

During Q3 2025, the global aluminum ingot market witnessed a mild price hike of 1-3% over Q2 2025, an outcome of a mix of recovering demand and constricting supply conditions. This has been propelled by sustained industrial demand in major industries like automotive, construction, and packaging, most noticeably in Asia and North America.

Also, supply disruptions caused by energy shortages and environmental measures in significant producer nations, such as China, restricted output and fueled the price rise. Market sentiment has also been driven by optimistic caution about global economic expansion, although there have still been uncertainties over interest rates and geopolitical tensions.

India

Aluminum Ingot Domestic prices EX-Mumbai, India, Grade- Purity:99.5%(IC20).

During Q3 2025, the Aluminum ingot price trend in India during Q3 2025 registered a significant upsurge, with a total 8% hike from Q2 2025. This increase has mainly been influenced by continuous automotive, construction, and electrical industries’ demand alongside tight domestic availability and strong international aluminum prices.

Aluminum ingot prices in India have also influenced by this bullish momentum, going up by 2.50% in September 2025, driven by greater input prices and sustained downstream demand. Reduced inventories and constrained imports by market players have also been cited amid higher global premiums, further underpinning the domestic price rally.

Higher energy prices and freight levels also added to the cost push, leading producers to raise prices. The Indian market continued to be sensitive to foreign developments, particularly from China and the Middle East, whose supply restrictions narrowed world supplies.

China

Aluminum Ingot Export prices FOB-Shanghai, China, Grade- Purity:99.7%.

The aluminum ingot price trend in China in Q3 2025 has experienced upward momentum with a minute rise of 0.10% over Q2 2025. This modest increase has mainly been fueled by consistent downstream demand and constrained supply conditions against the backdrop of continued production controls in some provinces.

Aluminum ingot prices in China also rose modestly, a 0.06% rise being noted at the start of September 2025, as a result of steady consumption from the automotive and building sectors. While macroeconomic uncertainty and volatile input prices put pressure, the market has generally been stable during the quarter. Purchasers had been cautiously optimistic, which helped inventory levels to remain in balance and trading activity to be moderate.

USA

Aluminum Ingot Domestic prices Del-Alabama, USA, Grade- Purity:99.7%(P1020A).

According to PriceWatch, During Q3 2025, the Aluminum ingot price trend in the USA has moved moderately upward, registering a 2% advance from Q2 2025. The movement has mostly been fueled by sustained demand from the automotive and construction industries, coupled with more constricted global supply owing to production restrictions in major exporting nations.

In September 2025, Aluminum ingot prices in the US rose by nearly 1%, reflecting consistent bullish sentiment in the market. The US domestic supply chain has also been subjected to pressure from increased energy expenses and logistical restrictions, adding to price levels at a high level.

Also, inventory withdrawals from large warehouses and a weaker dollar contributed to the price rise. Market players continued to be optimistic but wary, hoping that the prevailing supply-demand situation would continue to support aluminum prices through to the next quarter.

Germany

Aluminum Ingot Domestic prices FD-Willich, Germany, Grade- Purity:99.7%.

The aluminum ingot price trend in Germany for Q3 2025 registered a small upward trend, registering on average around a 0.5% increase over Q2 2025. This slow growth has mainly been fueled by robust demand from the automotive and construction industries, alongside minor supply constraints arising from upkeep shutdowns at some European smelters.

However, in September 2025, Aluminum ingot prices in Germany fell by nearly 1% due to softer market sentiment and a modest moderation of downstream demand. Better import flows and energy cost stabilization also helped in moderating price pressures at the end of the quarter. Long-term recovery signals in industrial activity underpinned overall quarterly price direction that was otherwise positive.

Aluminium Ingot Price Trend Analysis: Q2 2025

According to the PriceWatch, aluminium ingot prices declined by 2.69%, settling at $2,717 per metric ton FOB Shanghai in Q2 2025. This downward movement marks a continuation of soft pricing trends observed in recent quarters. The decline is primarily attributed to persistently weak downstream demand, especially from the electric vehicle (EV) and construction sectors, both of which have been slow to absorb existing inventory.

Additionally, the market has been weighed down by uncertainty surrounding global trade policies, including heightened U.S. tariffs under Section 232, which have not only discouraged international buyers but also dampened overall export sentiment. As a result, market participants remain cautious, and aluminium producers may face mounting pressure on margins if the weak demand environment persists into the second half of the year.

According to the PriceWatch, aluminium ingot prices in India declined significantly in Q2 2025, falling by 7.93% to $2921 per metric ton Ex-Mumbai. This strong decline was driven primarily by a combination of increased domestic range and global trade obstacles.

India’s secondary minium industry recorded an increase in production due to increased scrap processing, especially as scrap imports rose from alternative sources such as the UK after a mass walk in the US that made it accessible to American scraps. However, weak and vulgar demand, particularly from the automobile and construction section, led to an oversupply of 12 degrees Celsius, putting pressure on prices declines.

In the first quarter of 2025, Aluminium Ingot prices experienced a slight uptick, reaching USD 2792/MT FOB shanghai with a 0.17% increase from Q4 2024. This modest rise was primarily driven by renewed demand in the construction and automotive sectors, which typically see a boost in activity following the year-end lull.

Additionally, the implementation of new tariffs on aluminium imports from certain countries added upward pressure on domestic prices, prompting buyers to secure inventories ahead of potential cost escalations. With supply chains operating smoothly and no major production disruptions, the market maintained a stable footing with a mildly positive outlook.

In Q1 2025, aluminium ingot prices witnessed a notable surge, rising by $3,193 per metric ton Ex-Mumbai with a 5.48% increase compared to the previous quarter. This upward momentum was primarily driven by a combination of tight global supply chains, increased demand from the automotive and construction sectors, and higher energy costs impacting production.

Market participants also cited geopolitical tensions and export restrictions from key producing nations as contributing factors to the bullish trend. The consistent rise in downstream consumption and limited inventory replenishment further supported the price escalation, signaling a strong and sustained demand outlook for aluminium in the near term.

Aluminium Ingot Price Trend Analysis: 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.

In Q4 2024, the aluminium ingot market experienced a notable price increase of $3,027 per metric ton Ex-Mumbai with a 4.28% rise compared to the previous quarter. This upward trend was primarily driven by a combination of tighter global supply, strong demand from the automotive and construction sectors, and increased energy costs impacting production.

Supply disruptions in key producing regions, coupled with a gradual recovery in manufacturing activity, further supported the bullish sentiment. Additionally, market participants anticipated continued inventory drawdowns and potential policy shifts in major economies, contributing to firm buying interest and sustaining the positive momentum in aluminium prices during the quarter.

In Q3 2024, the global aluminum ingot market experienced a notable downtrend, driven by declining prices across major regions such as China, 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.

In Q3 2024, aluminium ingot prices witnessed a notable decrease of $2,903 per metric ton, Ex-Mumbai with a 2.64% decline compared to the previous quarter. This downward trend can be attributed to a combination of softening global demand, particularly from the construction and automotive sectors, and improved supply dynamics, including higher production outputs from key regions like China and the Middle East.

Additionally, easing energy prices and a reduction in raw material costs helped alleviate production expenses, further influencing the market correction. Market sentiment also reflected cautious optimism amid economic uncertainties, contributing to the moderated pricing environment during the quarter.

In Q2 2024, the global aluminium 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 aluminium ingots during this quarter.

In Q2 2024, aluminium ingot prices experienced a significant upward trend, rising by â‚ą2,982 per metric ton (MT), Ex-Mumbai with a 12.36% increase quarter-over-quarter. This price surge was primarily driven by a combination of factors including tightening supply in major producing regions, robust demand from the automotive and construction sectors, and rising input costs such as alumina and energy.

Additionally, geopolitical uncertainties and logistical disruptions contributed to inventory drawdowns, further supporting the bullish momentum. The market sentiment remained optimistic throughout the quarter, reflecting strong consumption patterns and limited availability in both domestic and international markets.

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.

In the first quarter of 2024, the price of aluminium ingot saw a slight decrease of $2,653 per metric ton Ex-Mumbai with reflecting a modest decline of 0.27% compared to the previous quarter. This marginal drop indicates a relatively stable market environment with limited fluctuations. The soft bearish trend was primarily driven by weaker demand from key industrial sectors such as construction and automotive, particularly in major markets like China and Europe.

Stabilization in energy costs, which play a significant role in aluminium production, also helped curb any potential price increases. Overall, while the market exhibited some softness in Q1, the price movement suggests a cautious yet balanced outlook as the industry heads into the second quarter of 2024.

Technical Specifications of Aluminium Ingot Price Trends

Product Description:

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.

Identifiers and Classification:

  • HS Code – 76011010


Aluminium Ingot Synonyms:

  • Aluminium Ingot
  • Aluminum Ingot


Aluminium Ingot Grades Specific Price Assessment:

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


Aluminium Ingot Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 28-30 MT, 150-200 MT and 15-20 MT
  • Packaging Type (Product & Country Specific): Container


Incoterms Reference in Aluminium Ingot Reporting

Shipping Term  Location  Definition 
FOB Shanghai   Shanghai, China   Aluminium Ingot export from China 
Ex-Mumbai  Mumbai, India  Domestically Traded Aluminium Ingot price in Mumbai 
Ex-Bhubaneswar   Bhubaneswar, India  Domestically Traded Aluminium Ingot price in Bhubaneswar 
Ex-East India  East India  Domestically Traded Aluminium Ingot price in East India 
Ex-west India  West India  Domestically Traded Aluminium Ingot price in West India 
Ex-Central India   Central India  Domestically Traded Aluminium Ingot price in Central India 
Ex-Chennai   Chennai, India  Domestically Traded Aluminium Ingot price in Chennai 
Ex-Korba  Korba, India  Domestically Traded Aluminium Ingot price in Korba 
Ex-South India  South India  Domestically Traded Aluminium Ingot price in South India 
Ex-North India  North India  Domestically Traded Aluminium Ingot price in North India 
Ex-Faridabad  Faridabad, India   Domestically Traded Aluminium Ingot price in Faridabad 
Del Alabama  Alabama, USA  Domestically Traded Aluminium Ingot price in Alabama 
FD-Willich  Willich, Germany  Domestically Traded Aluminium Ingot price in Willich 

*Quotation Terms refers to the quantity range specified for the Aluminium Ingot being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Aluminium Ingot packing, ease of handling, transportation, and storage in industrial and commercial applications.


Reporting Key Aluminium Ingot Manufacturers

Manufacturer 
Alcoa 
Vedanta 
Nalco 
Hindalco 
Shandong Xinfa Aluminium Group 
TRIMET Aluminium SE 

Aluminium Ingot Industrial Applications

aluminium ingot market share end use

Historically, several events have caused significant fluctuations in Aluminium Ingot prices

  • 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.
  • 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.

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.

Why PriceWatch?

PriceWatch 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, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence aluminium ingot prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely aluminium ingot market data.

Track PriceWatch'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.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch 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: PriceWatch 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: PriceWatch 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: PriceWatch 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: PriceWatch 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: PriceWatch 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 PriceWatch delivers the most accurate, timely, and actionable Aluminum Ingot pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Aluminium Ingot Market Price Trend provided by PriceWatch 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. PriceWatch 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.

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.

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.

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.

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