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DJ WBMS: Global Aluminum Market In 859,900-ton Surplus January-November
Edited by : AL CIRCLE
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The global aluminium market was in surplus by 859,900 metric tons in January to November, the World Bureau of Metal Statistics said Wednesday.
The gap between supply and demand was greater than in the same period of 2010, when the market had recorded an oversupply of 825,900 metric tons, the WBMS said.
Demand for primary aluminum in the first 11 months of 2011 totaled 39.14 million tons, up 2.279 million tons on the same period of 2010.
However, production during the months rose by 2.313 million tons, it added. The WBMS did not provide a total number for production.
The gap between supply and demand was greater than in the same period of 2010, when the market had recorded an oversupply of 825,900 metric tons, the WBMS said.
Demand for primary aluminum in the first 11 months of 2011 totaled 39.14 million tons, up 2.279 million tons on the same period of 2010.
However, production during the months rose by 2.313 million tons, it added. The WBMS did not provide a total number for production.
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