Author: 27 Feb 2012 Last updated at 05:09:40 GMT

Global aluminium demand rises 6% in 2011, production up by 6.2%: WBMS

LONDON (Scrap Monster): Global aluminium demand advanced sharply by 6% in 2011while its production increased by 6.2%, according to the data released by World Bureau of Metals Statistics (WBMS).

According to WBMS, primary aluminium demand increased by 2389 kt to 42.45 million tons in 2011 and production gained by 2540 kt to 3.91 million tons.

WBMS also reported that, Chinese production was estimated at 17988 kt and this currently accounts for just over 41% of the world production total. China was a net exporter of unwrought aluminium during the year with exports exceeding imports by 433 kt.

In December 2011, primary aluminium production was 3581.8 kt and consumption was 3351.9 kt.

The calculated market surplus for primary aluminium for January to December 2011 was 1205 kt which compares with a surplus of 1053.6 kt recorded for the whole of 2010,WBMS added.

Demand for primary aluminium for last year was 42.45 million tons, 2389 kt more than the equivalent total 2010. Production in January to December 2011 rose by 2540 kt following on from a 3.91 million ton increase over the whole of 2010.

Total reported stocks jumped by 525 kt during December and at the end of the month were 7.10 million tonnes which equated to just over 61 days demand and compares with 6.50 million tonnes at the end of 2010.

Total stocks held in the four exchanges in London, Shanghai, USA and Tokyo were 5187 kt at the end of 2011 which was 471 kt above the December 2010 total. Global producer stocks at the end of December 2011 were 1503 kt which was 207 kt above the previous year’s close. No allowance is made in the consumption calculation for unreported stock changes especially those held in China.

During the whole of the 2010 calendar year, Chinese net exports totalled 390 kt. Production in the EU27 rose by 3.4 per cent and NAFTA output was 5.9 per cent higher. EU27 demand was 4.9 per cent above the 2010 total.

METAL PRICE CHARTS

GET PRICE CHARTS

18ct Gold Scrap Price Charts

14ct Gold Scrap Price Charts

9ct Gold Scrap Price Charts

RELATED NEWS

Japanese H2 scrap average prices dropped

December 22nd 2014 02:44 AM
Japanese H2 scrap average prices dropped
The average price of Japanese H2 scrap declined sharply during the third week of December

US scrap exports extend y-o-y decline during Oct '14

December 22nd 2014 02:33 AM
US scrap exports extend y-o-y decline during Oct '14
The scrap exports by the US during the month of October this year continued to drop

Brazilian November scrap export price fall 20% year on year: trade group

December 18th 2014 08:56 AM
Brazilian November scrap export price fall 20% year on year: trade group
Brazilian iron and steel scrap export prices in November fell to the lowest level of the year.

Tokyo Steel cuts scrap purchasing price at all works

December 15th 2014 09:54 PM
Tokyo Steel cuts scrap purchasing price at all works
The country's top producer of H-beams- Tokyo Steel has announced cut of ¥ 1,000/ton in scrap purchasing prices
Scrap Item Price Unit
6061 Extrusions 0.80 $US / Lb
Old Sheet 0.70 $US / Lb
Al/Cu Radiators 1.59 $US / Lb
Old Cast 0.71 $US / Lb
6063 Extrusions 0.82 $US / Lb
Zorba 90% NF 0.72 $US / Lb
Next Story