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United StatesQ1 2025:
In the first quarter of 2025, aluminium Alloy Ingot prices experienced a modest rise, reaching USD 2,519/MT FOB Shanghai with a 1.27% increase from Q4 2024. This upward movement was supported by steady demand from the automotive and construction sectors, which picked up pace after the year-end lull. As manufacturers ramped up operations to meet upcoming seasonal orders, restocking activity increased across key markets. Supply levels remained stable, and with no major transportation or raw material constraints, the market maintained a balanced outlook with a slight positive trend.
Q4 2024:
In Q4 2024, the aluminium alloy ingot market witnessed a notable upward trend across key regions, including China, the USA, and the UK. Robust demand from the automotive and construction sectors, coupled with a global push toward lightweight and sustainable materials, drove price increases. China, being a dominant producer and consumer, saw heightened domestic demand and export activities, contributing to firming prices. India followed suit, with infrastructure development and rising automotive production boosting market sentiment. In the USA, supply chain stabilization and increased industrial activity supported price gains, while in the UK, a weakened currency and strong industrial demand further amplified price trends. Collectively, these regions experienced synchronized growth, reflecting the resilience of the global aluminium alloy ingot market amid evolving economic dynamics.
Q3 2024:
In Q3 2024, the aluminium alloy ingot market exhibited a consistent downward trend across major regions, including China, the USA, and the UK. This decline was primarily driven by sluggish demand from key sectors such as automotive and construction, coupled with rising global inventories. In China, domestic demand stagnated due to ongoing real estate challenges, while India saw a dip in consumption amid weaker manufacturing activity. The USA experienced reduced industrial orders and cost pressures from alternative materials, and in the UK, economic uncertainties further dampened market sentiment. Combined with softening energy costs and a stronger supply chain recovery, these factors collectively pressured aluminium alloy ingot prices globally during the quarter.
Q2 2024:
In Q2 2024, the aluminium alloy ingot market exhibited a notable upward trend across key regions, driven by strong demand in automotive, aerospace, and construction sectors. In China, government-backed infrastructure projects and robust manufacturing activities propelled prices, reflecting increased domestic consumption and export demand. In the USA, market momentum was supported by a growing focus on sustainability and demand for recycled aluminium alloys, alongside steady recovery in construction activities. Meanwhile, the UK saw an uptick in prices, underpinned by high demand in the automotive sector and increased imports due to local supply constraints. This synchronized growth highlights the global reliance on aluminium alloys for lightweight, durable, and sustainable applications.
Q1 2024:
During the first quarter of 2024, the global aluminium alloy ingot market exhibited mixed trends across key regions. In China, prices saw an upward trajectory driven by strong domestic demand and increased industrial activity, particularly in the automotive and construction sectors. Conversely, the USA, and the United Kingdom experienced a downward trend in prices. The USA faced challenges from slowing manufacturing growth and weaker downstream demand, while the UK’s decrease was influenced by economic uncertainty and sluggish consumption in key industries. This divergence highlights regional market dynamics shaped by varying economic and industrial factors.
In Q1 2025, aluminium alloy ingot prices witnessed a notable surge, rising by $3,187 per metric ton Ex-Mumbai with a 5.60% 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.
In Q4 2024, the aluminium alloy ingot market experienced a notable price increase of $3018 per metric ton, Ex– Mumbai with a 4.20% 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, aluminium alloy ingot prices witnessed a notable decrease of $2897 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, aluminium alloy ingot prices experienced a significant upward trend, rising by ₹2975 per metric ton (MT), Ex- Mumbai with a 12.39% 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 the first quarter of 2024, the price of aluminium ingot saw a slight decrease of $2647 per metric ton, Ex- Mumbai reflecting a modest decline of 0.28% 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. Lower prices were also impacted by increased inventory levels recorded at LME warehouses in the first half of the quarter. 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.
PriceWatch is your trusted resource for tracking global aluminum alloy ingot price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the aluminum alloy 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 aluminum alloy ingot prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely aluminum alloy ingot market data.
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These events highlight the aluminum alloy ingot market’s sensitivity to global disruptions, emphasizing the importance of robust strategies to adapt to changing supply-demand dynamics.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Aluminum Alloy Ingot pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
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Aluminum alloy ingots are specialized forms of aluminum that include added alloying elements such as silicon, magnesium, zinc, or copper to enhance specific properties like strength, corrosion resistance, or machinability. These ingots are used in diverse industries, including automotive, aerospace, construction, and consumer goods. The combination of lightweight characteristics, excellent strength-to-weight ratio, and adaptability to manufacturing processes makes aluminum alloy ingots ideal for demanding applications.
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Incoterms Used
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PriceWatch Quotation Terms:
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 | ADC12 Grade | A356 Grade | 6061 Grade | AlSi9Cu3 Grade |
| Purity (% Al) | 85.0% – 90.0% | 91.0% – 93.0% | 95.0% – 98.0% | 85.0% – 88.0% |
| Silicon (Si) | 10.0% – 12.0% | 6.5% – 7.5% | ≤ 0.80% | 8.0% – 11.0% |
| Magnesium (Mg) | ≤ 0.30% | 0.25% – 0.45% | 0.80% – 1.20% | ≤ 0.10% |
| Copper (Cu) | 1.5% – 3.5% | ≤ 0.10% | ≤ 0.40% | 2.0% – 3.0% |
| Zinc (Zn) | ≤ 1.00% | ≤ 0.10% | ≤ 0.25% | ≤ 0.80% |
| Iron (Fe) | ≤ 1.30% | ≤ 0.20% | ≤ 0.70% | ≤ 1.30% |
| Density | 2.7 g/cc | 2.7 g/cc | 2.7 g/cc | 2.7 g/cc |
| Melting Point | ~570°C – 630°C | ~615°C – 640°C | ~585°C – 650°C | ~570°C – 620°C |
Applications
Several factors can impact the price and production of aluminum alloy ingots, including:
Supply and Demand: Demand from industries like automotive, aerospace, and construction can drive prices, while oversupply can decrease them.
Energy Costs: Aluminum alloy production is energy-intensive, so fluctuations in electricity and fuel costs significantly affect prices.
Raw Materials: Costs of bauxite, alumina, and alloying elements (e.g., magnesium, silicon, copper) directly influence production costs.
Exchange Rates: Global trade of aluminum alloys, often priced in US dollars, is affected by currency fluctuations.
Geopolitical Factors: Instability in key production regions can disrupt supply chains and impact prices.
Technological Advancements: Efficient alloying and production technologies reduce costs and improve production.
Environmental Regulations: Compliance with stricter environmental standards can increase production costs.
Global Economic Conditions: Economic growth or recession influences industrial demand for aluminum alloys, affecting prices.
The prices of feedstocks like alumina, silicon, and magnesium significantly affect the production costs of aluminum alloy ingots. Increases in feedstock prices raise production costs, which can drive up market prices for aluminum alloy ingots.
Inflation impacts aluminum alloy ingot prices by increasing production costs, such as raw materials, energy, and labor. Currency depreciation associated with inflation also affects global trade prices. Despite reduced consumer demand in inflationary periods, rising energy and raw material costs often drive-up prices.
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