The global Aluminium Ingot market finds itself at a crossroads as regional developments create a mixed price landscape. Asian prices have diverged, with China moving upward while Japan has experienced a decline due to reduced demand. In the USA, prices have edged down due to rising inventories and increased Chinese exports.
Key Takeaways:
-
Aluminium Ingot prices in China edged up slightly in late May, supported by reduced inventories and tight supply
-
The US’s car import tariff has disrupted Japan&#xx;s auto supply chain, reducing Aluminium Ingot demand and prompting component producers to diversify.
-
Prices in the US fell as increased supply from Chinese smelters and cautious sentiment around US-China trade relations weighed on the market.
China
Aluminium Ingot prices in China witnessed a marginal uptick in late May. While tight Aluminium Ingot supplies are supporting current price levels, the absence of fresh positive...
