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Aluminium ingot values in the U.S. eased sharply in early February after a month of choppy gains, with markets correcting following tight onshore availability and active buying through January. Early January strength from downstream vehicle and packaging orders gave way to intermittent destocking and smoother logistics late in the month, which together produced volatile weekly swings. Traders chased limited warehouse lots at month-end as inventories tightened, but that same positioning left the market vulnerable to a rapid pullback in the first week of February. Overall, market participants are balancing persistent import reliance and feedstock constraints against stable smelter inputs when assessing near-term direction.
Demand for Aluminium Ingot remained uneven, with the automotive sector offering little support to overall ingot offtake. Orders for body-in-white extrusion billets and EV body sheets were limited, providing only selective relief to mills and service centres. Packaging demand for beverage...
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