Aluminium ingot prices moved decisively higher into early March as prompt-market tightness and stretched downstream lead times pushed aluminium ingot into a firm near-term footing. Traders and processors reported an acceleration of bids for delivery from the Gulf region after a multi-week run of declining exchange inventories and increasing cancelled warrants tightened immediately deliverable metal. Early February saw steady buying, mid-month buying strengthened, and by late February the market had shifted from neutral to clearly supportive 鈥� a pattern that carried into the opening week of March as buyers chased prompt slots and premiums widened.
Demand from aluminium processors and fabricators remained the primary support for the Aluminium ingot market, with heavy buying for primary, sheet and extrusion applications. A February survey showed majority of respondents reporting fresh delays for primary, sheet and extrusion products, underscoring intensifying downstream demand that has lifted offers for...
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