According to the data published by the World Bureau of Metal Statistics (WBMS) in their Metals Balances Report for the first eleven months of 2016, the global primary aluminium market recorded marginal deficit during January-November 2016. There was a deficit of 970,000 tonnes compared to the full-year deficit of 551,000 tonnes in 2015.
Primary aluminium production dropped by 221,000 tonnes during the period under review and the total stock of metal reported shrunk by 27,000 tonnes in November 2016. The total stock of aluminium at the end of the first eleven months of 2016 stood at 2,644 kt against the corresponding previous year’s stock of 3,787 kt. The combined aluminium stock held in London, Shanghai, USA and Tokyo exchanges totalled 2,242.5 kt at the end of November 2016, down by 988 kt from 2015 year-end levels.
Global aluminium production fell marginally by 0.4 per cent during the first eleven-month period of 2016. China, with an estimated output of 28,982 kt, accounted for over 55 per cent of the world’s total production. Aluminium production in the EU-28 region shrank slightly by 0.8 per cent whereas the output by NAFTA region dropped by 9.9 per cent year-on-year. Only November’s primary aluminium production was estimated 4,948.9 kt against a total consumption of 5,017.0 kt.
China’s net aluminium semi s exports totalled 3,380 kt during January-November period in 2016, vis-à-vis 3,445 kt in the corresponding period previous year.
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As per the WBMS report, the global demand for aluminium has edged marginally higher by 68,000 tonnes during the first eleven months of 2016 to total 53.58 million tonnes, compared to the same period of 2015. Apparent demand in China fell moderately by 0.6 per cent from that in 2015. However, demand in the EU-28 countries increased during the period under review by 409 kt year-on-year.
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