01 JANUARY 2014www.industryweek.com
Aluminum shipments slide in US and Canada in November
Edited by : AL CIRCLE
2 min read
Following a general improvement in volume during October, North American metals service centers’ deliveries of steel and aluminum declined significantly in November. The figures reported by the Metals Service Center Institute in its Monthly Activities Report showed double-digit declines for both metals in the U.S. and for steel shipments from Canadian centers.
Overall, the November results portray a market wavering through the first 11 months of this year, with shipment totals rising and falling from month to month as service centers seek to find a rhythm between industrial demand and producer prices.
MSCI is a trade association of service centers and metal processors across North America. It prepares the monthly summary of steel and aluminum shipments from data reported by member companies in the U.S. and Canada.
“Only U.S. aluminum shipments increased in November from year-earlier levels,” according to the brief analysis provided by MSCI.
In the aluminum market, U.S. service centers’ shipments fell 15.4% from October to November, totaling 114,900 tons for the month. The daily shipping rate is 5.7 tons, falling from 5.9 tons in October.
The cumulative total for 2013 is now 1.4 million tons, down 1.6% from the 11-month total for aluminum shipments in 2012.
U.S. centers’ aluminum inventories rose to 374,300 tons during November, 2.4% higher than the November 2012 total, and equal to 3.3 months’ supply at the current delivery rate.
Canadian service centers shipped 12,800 tons of aluminum in November, a drop of 9.2% from October and, incidentally, the only segment of the report in which the month-to-month comparison avoided a double-digit decline. The daily shipping rate remained essentially even with October at 6,000 tons/day, but the year-to-date total of 144,300 tons is down 2.9% from the January-November 2012 total.
Aluminum inventories at the Canadian centers now stands at 34,700 tons, down 11.7% from the November 2012 inventory total and equal to 2.7 months of supply at the current shipping rate.
Overall, the November results portray a market wavering through the first 11 months of this year, with shipment totals rising and falling from month to month as service centers seek to find a rhythm between industrial demand and producer prices.
MSCI is a trade association of service centers and metal processors across North America. It prepares the monthly summary of steel and aluminum shipments from data reported by member companies in the U.S. and Canada.
“Only U.S. aluminum shipments increased in November from year-earlier levels,” according to the brief analysis provided by MSCI.
In the aluminum market, U.S. service centers’ shipments fell 15.4% from October to November, totaling 114,900 tons for the month. The daily shipping rate is 5.7 tons, falling from 5.9 tons in October.
The cumulative total for 2013 is now 1.4 million tons, down 1.6% from the 11-month total for aluminum shipments in 2012.
U.S. centers’ aluminum inventories rose to 374,300 tons during November, 2.4% higher than the November 2012 total, and equal to 3.3 months’ supply at the current delivery rate.
Canadian service centers shipped 12,800 tons of aluminum in November, a drop of 9.2% from October and, incidentally, the only segment of the report in which the month-to-month comparison avoided a double-digit decline. The daily shipping rate remained essentially even with October at 6,000 tons/day, but the year-to-date total of 144,300 tons is down 2.9% from the January-November 2012 total.
Aluminum inventories at the Canadian centers now stands at 34,700 tons, down 11.7% from the November 2012 inventory total and equal to 2.7 months of supply at the current shipping rate.
Previous article
LME to implement warehouse reforms as average rent drops
Next articleAluminium rises by 0.3% on spot demand
Grow with
AL Circle
