By the week ending May 31^st, domestic Aluminium Alloy Ingot prices witnessed a rise in the US market, driven by fallen Inventories, and demand surge. According to FRED, the Producer Price Index for secondary aluminium smelting rose month-on-month in April, and automobile sales increased. Meanwhile, Aluminium Alloy Ingot prices in FD-Willich, Germany, increased, owing to thrived manufacturing sector with higher production and new orders. Further, in China, Aluminium Alloy Ingot prices increased, driven by higher sales volumes and favourable exchange rates.

With the week ending on May 31^st, simultaneous supply and demand pressures affected the market, leading to a decrease in domestic Aluminium Alloy Ingot inventory and a surge in demand impacted the prices. The overall rise in aluminium demand have put considerable strain on domestic Aluminium Alloy Ingot prices. According to FRED data, the Producer Price Index for secondary smelting and alloying of aluminium, including ingots and billets from secondary smelters, increased by 1.2% month-on-month in April. Additionally, automobile sales volume saw an 8.9% month-on-month increase in April. Consequently, Aluminium Alloy Ingot prices in the USA on May 31^st, marking a 2.0% weekly rise.

Germany's manufacturing sector is thriving with increased production levels and a surge in new orders. As of the end of May, freight tariffs from China and East Asia to Northern Europe rose by 2.9%, pushing up transportation costs and consequently increasing the price of Aluminium Alloy Ingot. Export sales, particularly to the United States, have seen significant growth, providing a strong boost to the industry. Despite a slight reduction in the workforce, business confidence growth remains high. Trade between Germany and overseas market has reached unprecedented levels. In April, the automotive sector experienced a notable 19.8% rise in monthly sales. Aluminium Alloy Ingot prices in FD-Willich, Germany, reflecting a 5.0% increase from the previous week.

Week ending on May 31^st, Aluminium Alloy Ingot prices in China increases by 1.3% on Ex-Shanghai basis. This increase was largely driven by higher sales volumes and beneficial exchange rates. Press Metal's dedication to producing Aluminium Alloy Ingot is also catering to the growing demand for sustainable materials. In East China, sellers prioritized shipping goods, leading to increased transaction volumes. Strong demand for Aluminium Alloy Ingots prevented significant inventory reduction in Wuxi, while downstream procurement was sustained by essential demand. The automobile sales volume increases by 9.3% year on year in April.

According to ChemAnalyst, a strong demand of Aluminium Alloy Ingot trading within the US market may lead to higher prices. In Germany, fluctuations in raw material market prices might elevate Aluminium Alloy Ingot costs due to concerns over limited supply. Additionally, optimistic purchasing trends and increasing demand in China could push Aluminium Alloy Ingot prices up. Rising feedstock costs may also contribute to higher production expenses for Aluminium Alloy Ingots.