Aluminium production reports marginal drop

World Aluminium markets have again showed minor decline in the production figures. The June month brought some relief in the rising trend of production that was near all time highs.

Data estimates from International Aluminium Institute (IAI) showed that the total primary Aluminium production reached 4.303 million tonnes in the month of June 2014 from 4.331 million tonnes in the month of May 2014. Although on a year on year basis the production is still showing signs of improvement. The production gained 1.8% on a y-o-y basis in June 2014.

The production of Aluminium reached record highs of 4.406 million tonnes in the month of March. The production of Aluminium in June 2014, gained by 1.8% compared to corresponding period last year when it was 4.224 million tonnes.

China remained the major contributor to the production as increase in Chinese production also resulted in the increase in the production of World Aluminium on a monthly basis.

The total reported production in China was 1.95 million tonnes in June 2014, compared to 1.898 million tonnes in May 2014. This indicates that China produces 45.31% share of the world primary production.

Production of China in June 2013 was 1.84 million tonnes. This marked an appreciation of 6%. Unreported production in China is estimated around 250000 tonnes.

Asian production excluding China was 193000 tonnes in June 2014, compared to 203000 tonnes in the month of May 2014. Meanwhile, production appreciation in the GCC region was noted. The total production of GCC in June 2014 was 412000 tonnes, up 26% from 327000 tonnes in the month of June 2013.