Aluminium alloy ingot prices take a wild turn, with record highs in the US and slumping in China
It’s a tale of two markets, wherein aluminium alloy ingot prices in China are stuck in the mud owing to downsized demand, and the US is witnessing an explosive spike, fuelled by tariffs and supply strains. Let’s break down what’s happening on the opposite sides of the globe.
China is stuck in a demand drought
In late February 2025, aluminium alloy ingot prices in China dipped by 0.4 per cent, dragged down by one relentless factor — weak demand. Market participants report that even though work has resumed across upstream and downstream sectors, overall demand remains painfully soft. The result? A glut in supply coupled with meek demand from across the nation’s businesses ultimately kept the prices firmly range-bound.
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