aluminum alloy ingot Pricing Assessment

Markets Covered:

China

India

United Kingdom

United States

Aluminum Alloy Ingot Price Trend, Analysis and Forecast

Q1 2024
During the first quarter of 2024, the global aluminum 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, India, the USA, and the United Kingdom experienced a downward trend in prices. In India, declining export orders and high inventory levels contributed to reduced price levels. 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.

Q2 2024

In Q2 2024, the aluminum 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. Similarly, India experienced price surges, fueled by rising industrial production and initiatives promoting lightweight materials in transportation. In the USA, market momentum was supported by a growing focus on sustainability and demand for recycled aluminum 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 aluminum alloys for lightweight, durable, and sustainable applications.

Q3 2024

In Q3 2024, the aluminum alloy ingot market exhibited a consistent downward trend across major regions, including China, India, 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 aluminum alloy ingot prices globally during the quarter.

Q4 2024

In Q4 2024, the aluminum alloy ingot market witnessed a notable upward trend across key regions, including China, India, 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 aluminum alloy ingot market amid evolving economic dynamics.

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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, keeps you fully informed of market dynamics.

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

Track 's aluminum alloy 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 aluminum alloy ingot prices

Global Economic Downturn (2019-2020): The global economic slowdown significantly impacted key industries like automotive and construction, leading to reduced demand for aluminum alloy ingots and a subsequent drop in prices.

COVID-19 Pandemic (2019-2020): The pandemic caused a sharp decline in demand for aluminum alloy ingot-intensive sectors, such as transportation and infrastructure development, resulting in a significant decrease in prices and production activity.

Global Supply Chain Disruption (2022): Geopolitical tensions, including the war in Ukraine, disrupted global supply chains, leading to volatility in aluminum alloy ingot prices and affecting the availability of raw materials for production.

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.

Methodology and Specifications

aluminum alloy 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 Alloy Ingot production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.
Supply Chain Monitoring: We track the entire Aluminum Alloy Ingot supply chain, from raw material availability (e.g., Propylene) 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 Alloy 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 Alloy Ingot demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Aluminum Alloy 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 Alloy 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 Alloy 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 Alloy 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 Alloy 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

76012000

Molecular Formula

aluminum alloy ingot

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.

Packaging Type

Container

Grades Covered

Purity:88%(IA80), Purity:81%(ADC12), Purity:81%

Incoterms Used

FOB Shanghai (China), Ex-Mumbai (India), FD-Willich (United Kingdom), Del Alabama (USA)

Synonym

Secondary Aluminum, Al Alloy 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	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

Aerospace: Lightweight structural components and engine parts. Automotive: Wheels, engine blocks, cylinder heads, and body panels. Construction: Architectural frameworks, window frames, and cladding. Electronics: Heat sinks and enclosures for electronic devices. Industrial Machinery: Tooling, machine parts, and equipment housings. Marine: Corrosion-resistant components for shipbuilding. Packaging: Durable packaging solutions for high-stress environments.

Disclaimer

Aluminum Alloy 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 aluminum alloy 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 alloy ingots? +

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.

How do feedstock prices impact aluminum alloy ingots? +

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.

What is the relationship between aluminum alloy ingot prices and inflation? +

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.