SEATTLE (Scrap Monster): The January to April 2021 Metals Balances Report published by the World Bureau of Metal Statistics (WBMS) suggests that primary aluminium market ended in notable deficit of 588 kt. This follows a surplus of 1,074 kt recorded for the entire year 2020.
The global production during the initial four-month period of the current year rose by nearly 5.8% upon comparison with the corresponding four-month period a year before. The Chinese output, at 13,018 kt, accounted for almost 57% of the global aluminium production. The NAFTA output recorded marginal decline by 0.6%, whereas the EU output edged lower by 6.30%, compared to the previous year.
The demand stood higher by 2,304 kt from the comparable period in 2020 to around 23.45 million tonnes. The Chinese apparent demand surged higher by 16% than in Jan-Apr ‘20. Meantime, the EU-28 demand edged higher by 33 kt.
The total reported stocks of the metal surged in April this year to close at 610 kt above the end-2020 levels. The Shanghai stocks rose in all the first three months of the year. , but fell slightly in April. Meantime, the LME stocks closed at 1,827.8 kt at the end of April 2021, compared with 1,340.5 kt at the end of the previous year.
In April this year, primary aluminium production totalled 5,724.5 kt, whereas the demand stood at 6,092.5 kt.