Primary Aluminum Metal Market Ended in Deficit: WBMS

SEATTLE (Scrap Monster): The January to September 2021 Metals Balances Report published by the World Bureau of Metal Statistics (WBMS) suggests that the calculated market balance for primary aluminium market was a deficit of 1,268 kt. This follows a surplus of 1,295 kt recorded for the whole of year 2020.

The global aluminum production during the initial nine-month period of the current year rose by nearly 4.6% upon comparison with the corresponding period a year before. The Chinese output, estimated at 29,153.6 kt, accounted for almost 58% of the global aluminium production. The Chinese exports of aluminum semi manufactures rose 13% to 3,552 kt during January to September in 2021.

The global demand stood higher by 4,173 kt from the comparable period in 2020 to around 51.94 million tonnes. The Chinese apparent demand surged higher by 7.0% than in Jan-September ‘20. The Japanese demand was up by 219 kt, whereas the U.S. demand fell by 94 kt, WBMS said.

The total reported stocks of the metal declined in September to close the period at 1,131 kt compared with end-2020 levels. The Shanghai stocks dipped in September, but ended the period 4.6 kt above the end-2020 levels. Meantime, the LME stocks closed at 1,788.2 kt at the end of September 2021, compared with 2,917.0 kt at the end of the previous year.

During the month of September this year, primary aluminium production totalled 5,472.1 kt, whereas the demand stood at 5,557.5 kt.

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