In the first 9 months of this year, the global aluminum market was in short supply of 1 million 463 thousand tons
According to Dow Jones November 22nd news, the world Metal Statistics Bureau (WBMS) data on its website on Wednesday showed that during the 1-9 months of this year, the global supply of raw aluminum market shortage of 1 million 463 thousand tons, the year 2016 is a shortage of 770 thousand tons.
In the first 9 months of this year, the demand for raw aluminum was 45 million 490 thousand tons, an increase of 1 million 877 thousand tons over the same period of last year. 1-9 months, the original aluminum production increased by 1 million 130 thousand tons.
The total inventory report at the end of September to reduce 5000 tons, 2 million 279 thousand tons, equivalent to 14 days of demand, as of the end of 2016 to 2 million 761 thousand tons.
At the end of September, London, Shanghai, Tokyo and the United States four exchanges held by the total inventory of 1 million 848 thousand tons, compared to the end of the year to reduce 476 thousand tons level.
Overall, in the first 9 months of this year, global production increased by 2.6% over the same period last year. China's output is expected to be 24 million 661 thousand tons, which accounts for more than 56% of the world's total output. China's apparent demand increased by 5.2%. China's net exports during the period of 1-9 months were 275 thousand tons, and net exports of non forged aluminum in 2016 were 255 thousand tons. In the first 9 months of this year, net exports of semi-finished aluminum products in China were 2 million 916 thousand tons, up from 2 million 806 thousand tons in the same period last year.
European Union 28 countries aluminum production increased by 0.2% year on year, North American Free Trade Agreement area production drops 2.2% compared to the same period. EU 28 countries demand increased by 132 thousand tons. Global demand rose 4.3% over the same period in 1-9.
In September 2017, the world's original aluminum production was 4 million 665 thousand tons, and the consumption was 4 million 769 thousand and 700 tons.