Like any commodity, the balance between supply and demand plays a significant role in determining Aluminum ingot prices. When demand for aluminum exceeds supply, prices tend to rise, and vice versa. Factors such as economic growth, industrial production, and global consumption patterns can impact the supply-demand dynamics of aluminum. The overall state of the global economy can affect aluminum prices. During periods of economic growth and increased industrial activity, the demand for aluminum in various sectors, such as construction, automotive, aerospace, and packaging, tends to rise, leading to higher prices. Conversely, economic downturns or recessions can lead to reduced demand and lower prices.

The cost of raw materials used in aluminum production, particularly primary aluminum production, can influence ingot prices. Factors such as the cost of Bauxite (the ore from which aluminum is extracted), energy prices (as aluminum smelting requires substantial energy), and other inputs like caustic soda and carbon anodes can impact the overall cost of aluminum production and, consequently, ingot prices. Energy prices, particularly electricity, are a significant component of aluminum production costs. The energy-intensive nature of aluminum smelting makes fluctuations in energy prices a critical factor in determining ingot prices. 

Changes in energy supply, shifts in fuel prices, and the availability of renewable energy sources can all impact energy costs and, subsequently, aluminum ingot prices. It's important to note that aluminum prices can be influenced by complex interactions among these factors and can vary regionally based on local market conditions and regulations. The aluminum industry closely monitors these factors to make informed decisions and manage price fluctuations. One of the factors that are very influential in the price of ingots is the size and dimensions that are used in the manufacture and design of ingots.

• The type of alloy used in the ingot greatly affects its price.
• The thickness of the ingot that is considered for it in the production process affects its price.
• The final weight of the ingot
• The price of ingots is related to the price of aluminum, i.e. according to the price of aluminum in the Metal market, it is possible to understand approximately the price of ingots.
• Another influential factor is the exchange rate of the world currency.

Types of Aluminum Billets

1. Imported Billets: such as tickets imported from Dubal, Rosal, Talco, and other companies.
2. Standard Billet: includes Iralco and Al-Mahdi products, which are known in the market as Billet.
3. Billet: DC Billets produced from molten aluminum by DC casting method, which is mainly used due to the difference with the products of Iralco and Al-Mahdi.

Remelting or conversion billets: These are billets that are produced from remelting aluminum scrap that has less alloying. Names of semi-finished casting products:

• Billet
• Ingot
• Bloom
• Slab
• Sheet metal

Aluminum is traded globally, and exchange rates between currencies can affect the cost of aluminum ingots in different countries. Fluctuations in currency exchange rates can impact the competitiveness of aluminum producers and influence the pricing of ingots in international markets. Trade policies, including tariffs, import/export restrictions, and trade agreements, can have a significant impact on aluminum prices. Changes in trade policies or the imposition of tariffs on aluminum imports can disrupt supply chains, affect market dynamics, and influence ingot prices. Aluminum, like other commodities, can be subject to market speculation and investor sentiment. Investment activities, such as futures trading, options contracts, and hedge fund activities, can introduce volatility and impact short-term price fluctuations in aluminum ingots.