Aluminium alloy ingot prices witnessed contrasting trends in Europe and Asia as prices in Turkey showed resilience, while a slight dip was observed in China.
Key Takeaways:
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In China, Aluminium alloy ingot prices dipped toward the end of April due to falling silicon costs and weak price momentum, squeezing producer margins.
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In Turkey, the automotive and defense/aerospace industries showed strong growth, boosting aluminium alloy ingot demand.
Following the dip in primary aluminium, raw materials for aluminium alloy ingot i.e aluminium scrap prices are under price pressure as the peak downstream demand season is coming to an end. As downstream demand cools off from its peak, the impact of diminishing marginal demand is evident in order books, resulting in a cautious, just-in-time approach to raw material purchasing for aluminium alloy ingot production. Both export market and domestic orders experienced declines in this week.
