Procurement Index
Live benchmark

Aluminum price for procurement

$1.66/ lb
+1.7% MoM

FRED Global price of Aluminum (IMF series PALUMUSDM) · as of May 2026. Free to view, no login.

13-month trend

2025-07-01 to 2026-05-01

What to expect next

Aluminum moved moderately higher last month (+1.7% month over month). Vendor quotes typically lag the benchmark by 4 to 8 weeks, so expect upward pressure on new aluminum quotes over the next month or two. If you have volume to lock, the earlier half of that window is usually the better entry. This is a lag heuristic, not a guarantee.

Need to source aluminum?

Blast one RFQ to matched, vetted suppliers and compare real quotes against this benchmark. See who is in the network for this category, then start your free pilot.

Aluminum pricing, common questions

What is the aluminum spot price today?

The headline figure is the most recent aluminum benchmark from the FRED Global price of Aluminum series (IMF, series PALUMUSDM), converted to dollars per pound, with the month-over-month and year-over-year change beside it. It refreshes monthly.

Does the spot price include the Midwest premium?

No. This benchmark tracks the underlying spot metal. Delivered aluminum in North America also carries a regional premium and conversion cost that a vendor quote rolls in. Use the spot trend to read direction; use the network average to see what shops actually paid all-in.

How do I know if an aluminum quote is fair?

Compare it against the current spot benchmark here, the anonymized network average for that category (subscription), and the typical 4 to 8 week lag between spot moves and quote shifts. A quote that has not moved while spot fell materially is worth a second conversation.

How often does this aluminum benchmark update?

Monthly, from FRED (the IMF global price series). A daily intraday feed ships with the Intelligence tier in Q3 2026.

Is this aluminum benchmark free?

Yes. The benchmark and trend are free to view with no login. Anonymized network market averages require a BlastRFQ buyer subscription. Founding pilot members get 6 months free through August 31, 2026.

Founding pilot, 6 months free

Know the market before you award the job.

Live benchmarks plus anonymized network averages from real RFQ transactions. Pilot spots close August 31, 2026.