WBMS: Global Aluminum Market in 156,000-Ton Surplus in January-Shanghai Metals Market

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WBMS: Global Aluminum Market in 156,000-Ton Surplus in January

Industry News 10:34:10AM Mar 18, 2010 Source:SMM

LONDON, Mar. 18 -- The global aluminum market was in a 156,000 metric ton surplus in the first month of 2010, the World Bureau of Metal Statistics said Wednesday.

That compares with a 309,000 tons surplus in the first month of 2009, and with a surplus of 580,000 tons in the whole of 2009, the WBMS said.

Demand for primary aluminum in January 2010 totaled 3.1 million tons, 516,000 tons more then the equivalent total in January 2009.

Overall, global production rose in January by 12.6%, compared with the January 2009 total. WBMS estimates China's output at 1.260 million tons, accounting for 38% of the world production total.


 

WBMS: Global Aluminum Market in 156,000-Ton Surplus in January

Industry News 10:34:10AM Mar 18, 2010 Source:SMM

LONDON, Mar. 18 -- The global aluminum market was in a 156,000 metric ton surplus in the first month of 2010, the World Bureau of Metal Statistics said Wednesday.

That compares with a 309,000 tons surplus in the first month of 2009, and with a surplus of 580,000 tons in the whole of 2009, the WBMS said.

Demand for primary aluminum in January 2010 totaled 3.1 million tons, 516,000 tons more then the equivalent total in January 2009.

Overall, global production rose in January by 12.6%, compared with the January 2009 total. WBMS estimates China's output at 1.260 million tons, accounting for 38% of the world production total.