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Aluminum May 26, 2020 07:30:37 PM

WBMS Recorded Surplus Primary Aluminum Market

Paul Ploumis
ScrapMonster Author
The demand stood higher by 532 kt from the comparable period in 2019 to around 15.7 million tonnes.

WBMS Recorded Surplus Primary Aluminum Market

SEATTLE (Scrap Monster): The January to March 2020 Metals Balances Report published by the World Bureau of Metal Statistics (WBMS) suggests that primary aluminium market ended in marginal surplus of 709 kt. This follows a surplus of 761 kt recorded during the entire year 2019.

The production during the initial quarter of the year rose by 5.8% upon comparison with the first three months of 2019. The Chinese output, at 8843 kt, accounted for almost 54% of the global aluminium production. The NAFTA output rose by 4.1%, whereas the EU output edged lower by 0.5% than the previous year.

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The demand stood higher by 532 kt from the comparable period in 2019 to around 15.7 million tonnes. Year-on-year, the global demand soared by 3.5%. The Chinese apparent demand surged higher by 5.8% than in January to March in 2019. On the contrary, the EU-28 demand edged lower by 211 kt when compared with the corresponding quarterly period in 2019.

The total reported stocks of the metal rose in March to close Q1 at 22 kt above the end-2019 levels. The total stocks held in London, Shanghai, USA and Tokyo exchanges totalled 1,714 kt at the end of the quarter.

In March, primary aluminium production totalled 5,540.9 kt, whereas the demand totalled 5,242.7 kt.

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