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Primary Aluminium surplus at 365100 tonnes in Jan-Nov 2012
Edited by : AL CIRCLE
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WBMS has said that the calculated market surplus for primary aluminium for January to November 2012 was 365100 tonnes which follows a surplus of 1.88 million tonnes recorded for the whole of 2011.
Global Aluminium production in January to November 2012 rose by 901000 tonnes from the same period in 2011 and following on from a 3.10 million tonne increase over the whole of 2011. Overall, global production rose in January to November 2012 by 2.2% compared with the same months of 2011.
In November 2012, primary aluminium production was 3.81 million tonnes. Production in the EU27 fell by 20% and NAFTA output fell by 2.3%. EU27 demand was 10.6% below the comparable period for 2011 total.
Total reported stocks of Aluminum rose by 103000 tonnes during November and at the end of the month were 7.34 million tonnes, which equated to over 62 days demand and compares with 6999 kt at the end of 2011.
Total stocks held in the four exchanges in London, Shanghai, USA and Tokyo were 5.66 million tonnes at the end of November 2012 which was 477000 tonnes above the December 2011 total.
Global producer stocks at the end of November 2012 were 1.241 million tonnes, which was 163000 tonnes below the previous year's close.
Chinese output was estimated at 18.13 million tonnes and this currently accounts for over 43% of the world production total. China was a net importer of unwrought aluminium during January to November with imports exceeding exports by 25000 tonnes. During the whole of the 2011, calendar year Chinese net exports totalled 433000 tonnes.
Global demand rose by 5.2% during the first eleven months of the year compared with the levels recorded one year previously. Global Aluminium demand was 3.77 million tonnes in November 2012.
Global Aluminium production in January to November 2012 rose by 901000 tonnes from the same period in 2011 and following on from a 3.10 million tonne increase over the whole of 2011. Overall, global production rose in January to November 2012 by 2.2% compared with the same months of 2011.
In November 2012, primary aluminium production was 3.81 million tonnes. Production in the EU27 fell by 20% and NAFTA output fell by 2.3%. EU27 demand was 10.6% below the comparable period for 2011 total.
Total reported stocks of Aluminum rose by 103000 tonnes during November and at the end of the month were 7.34 million tonnes, which equated to over 62 days demand and compares with 6999 kt at the end of 2011.
Total stocks held in the four exchanges in London, Shanghai, USA and Tokyo were 5.66 million tonnes at the end of November 2012 which was 477000 tonnes above the December 2011 total.
Global producer stocks at the end of November 2012 were 1.241 million tonnes, which was 163000 tonnes below the previous year's close.
Chinese output was estimated at 18.13 million tonnes and this currently accounts for over 43% of the world production total. China was a net importer of unwrought aluminium during January to November with imports exceeding exports by 25000 tonnes. During the whole of the 2011, calendar year Chinese net exports totalled 433000 tonnes.
Global demand rose by 5.2% during the first eleven months of the year compared with the levels recorded one year previously. Global Aluminium demand was 3.77 million tonnes in November 2012.
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