US Fed rate hike and Strait of Hormuz tensions weigh on macro sentiment, while accelerated aluminum ingot destocking driven by Xinjiang shipment disruptions and holiday stockpiling provides fundamental price support. Alba's capacity recovery adds supply, but destocking momentum and delayed new projects are expected to tighten near-term availability, underpinning price firmness.
SHFE and LME aluminum futures both drifted higher, supported by persistent low inventory and recovering September peak-season operating rates across primary and secondary aluminum alloy producers. Spot supply tightened as limited inbound arrivals and firm supplier holds offset downstream demand still catching up from the off-season, keeping the market on a stable-to-strong footing.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Aluminium Alloy Ingot | China | FOB | USD 3,154.69/MT | August 2026 |
| Aluminium Alloy Ingot | India | CIF | USD 3,245.48/MT | August 2026 |
| Aluminium Alloy Ingot | USA | CIF | USD 3,310.31/MT | August 2026 |
| Aluminium Alloy Ingot | Germany | CIF | USD 3,268.28/MT | August 2026 |
| Aluminium Alloy Ingot | Australia | CIF | USD 3,249.36/MT | August 2026 |
| Aluminium Alloy Ingot | China | FOB | USD 3,130.14/MT | July 2026 |
| Aluminium Alloy Ingot | India | CIF | USD 3,236.95/MT | July 2026 |
| Aluminium Alloy Ingot | USA | CIF | USD 3,317.63/MT | July 2026 |
| Aluminium Alloy Ingot | Germany | CIF | USD 3,263.77/MT | July 2026 |
| Aluminium Alloy Ingot | Australia | CIF | USD 3,228.60/MT | July 2026 |
Stay updated with the latest Aluminium Alloy Ingot prices, historical data, and tailored regional analysis
Asia
In China, average Aluminium Alloy Ingot prices were ~USD 3,121/MT in June. The market initially gained support from higher primary aluminium costs and supply concerns before easing as domestic availability remained adequate and buyers became more cautious. Regional supply tightness was more pronounced elsewhere in Asia, with Japanese Q2 aluminium premiums rising sharply as Middle Eastern supply disruptions reduced availability of preferred Western-origin material. Buyers increasingly considered Indian and Indonesian material as alternatives, reflecting tighter regional procurement conditions. In India, Aluminium Alloy Ingot prices averaged ~USD 3,209/MT in June. Higher freight and replacement costs supported prices, while demand from automotive, construction, electrical, and transport applications maintained consumption.
Europe
In Germany, average Aluminium Alloy Ingot prices were ~USD 3,242/MT in June. Prices remained supported by constrained physical availability after Middle Eastern smelter disruptions affected regional supply. The Persian Gulf had supplied a significant share of Europe’s externally sourced aluminium ingots, increasing replacement costs when those flows were disrupted. However, softer industrial purchasing and cautious restocking limited further gains. Higher carbon-related costs also added to European procurement expenses, while subdued manufacturing activity restricted demand growth.
North America
In the USA, average Aluminium Alloy Ingot prices stood at ~USD 3,276/MT in June. Import costs remained elevated as tariffs and disrupted Middle Eastern supply altered sourcing patterns. The Persian Gulf had accounted for a significant portion of US ingot imports, leaving buyers exposed to replacement-supply constraints. US aluminium trade flows were also adjusting as Canadian supply shifted toward other markets, increasing reliance on more distant sources.
Analyst Insight
According to Procurement Resource, Aluminium Alloy Ingot prices are likely to remain sensitive to primary aluminium availability, energy and freight costs, and downstream automotive and industrial demand as regional supply normalises.
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Asia
During Q1’26, Aluminium Alloy Ingot prices in Asia moved upward due to firm feedstock trends and geopolitical supply concerns. In China, aluminium feedstock prices increased by approximately 4% during the quarter as low inventories, production caps, and stronger demand from new energy vehicles, photovoltaics, energy storage, and computing applications supported market sentiment. India also witnessed feedstock gains of nearly 4.3% due to the same global supply-risk concerns and steady regional industrial demand. Market sentiment strengthened further after the Iran conflict raised concerns over shipments through the Strait of Hormuz, a critical route for Gulf aluminium exports and raw material imports. The Gulf region contributes nearly one-fourth of the global primary aluminium supply, increasing concern over regional availability. Demand from automotive die-casting, industrial machinery, electrical equipment, and construction-related applications remained steady throughout the quarter.
Europe
During Q1’26, Aluminium Alloy Ingot prices in Europe remained firm as buyers faced higher supply-risk premiums and elevated replacement costs. Aluminium feedstock pressure intensified because Europe remained dependent on imported primary metal and alloy inputs. Concerns over Gulf supply disruptions, logistical delays, and tighter raw material availability supported regional firmness. Demand from automotive manufacturing, industrial equipment, aerospace, packaging, and renewable energy infrastructure remained stable, although high production costs and cautious procurement behaviour limited stronger market gains.
North America
During Q1’26, Aluminium Alloy Ingot prices in North America stayed supported by stronger overseas premiums, tighter global availability, and low international inventories. Aluminium feedstock gains and higher logistics costs supported domestic sentiment, while downstream demand from automotive casting, electrical infrastructure, aerospace, transportation, and industrial manufacturing remained healthy. Although the region was less directly exposed to Gulf primary metal flows, global supply tightness and elevated freight costs continued supporting the market.
A solidified and ingot shaped blend of aluminium with other elements results in aluminium alloy ingot. The process of melting and casting is employed in the manufacturing of this alloy. The alloy has high strength, corrosion resistance, and lightweight. It is thus extensively used in industries such as automotive, aerospace, construction, and electronics for creating a wide range of products, from vehicle components to architectural materials, owing to their versatility and ability to be tailored to meet various application requirements.
Automotive industry, Aerospace industry, Medical devices, Energy industry, Railway and transportation, Marine industry
Alcoa Inc., Rio Tinto Group, Aluminium Corporation of China Limited, RUSAL Plc, Norsk Hydro ASA
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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In this multi-step process, the batching of raw materials is carried out which is then subjected to melting, slag removal, and sampling. The product obtained is then mixed with other metals in accordance with the alloy composition. In the last steps, the raw product is refined and casted onto ingots to finally give the final product.
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