IAI: Feb '10 World Aluminum Stocks Down 24,000 Tons on Month-Shanghai Metals Market

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IAI: Feb '10 World Aluminum Stocks Down 24,000 Tons on Month

Industry News 02:42:45PM Mar 29, 2010 Source:SMM

LONDON, Mar. 29 -- Total world aluminum inventories in February 2010 fell by 24,000 metric tons to 2.272 million tons, down from 2.296 million tons in January, according to figures released Friday by the International Aluminum Institute.

February's figure is down 660,000 tons from the February 2009 inventory figure of 2.932 million tons.

The IAI details inventories as follows, in thousands of tons:

 
February '10
January '10
February '09
Africa
78
79*
101
North America
549
558
656
Latin America
180
191*
251
Asia
346
345*
420
Europe
1,013
1,022*
1,387
Oceania
106
101
117
Total
2,272
2,296*
2,932

'*' denotes a revised figure

NOTE: The data included in this IAI Statistical Report have been derived exclusively from returns by the primary aluminum producers themselves. These producers may be either Members of the IAI or Official Correspondents, the latter being enterprises possessing, or which have possessed, effective control over primary aluminum production but which are not Members. Official Correspondents are approved by the Board of the Institute.

Neither sources outside the industry nor estimates are used.

Unwrought aluminum is aluminum in its basic cast form made from primary metal or from scrap and which is unworked in the metallurgical sense.

Total aluminum is unwrought aluminum plus unprocessed scrap, metal in process and finished semi-fabricated [mill] products.

Unwrought and total aluminum inventories are all relevant inventories over which primary aluminum producers have some degree of control, with the exception of metal included in LME or COMEX stock reports.

Further clarification can be found in "A Guide to the IPAI Statistical System - Revised Aluminum Inventory Reporting Guidelines" [dated Oct. 28, 1999] which is available from the IAI.

 

IAI: Feb '10 World Aluminum Stocks Down 24,000 Tons on Month

Industry News 02:42:45PM Mar 29, 2010 Source:SMM

LONDON, Mar. 29 -- Total world aluminum inventories in February 2010 fell by 24,000 metric tons to 2.272 million tons, down from 2.296 million tons in January, according to figures released Friday by the International Aluminum Institute.

February's figure is down 660,000 tons from the February 2009 inventory figure of 2.932 million tons.

The IAI details inventories as follows, in thousands of tons:

 
February '10
January '10
February '09
Africa
78
79*
101
North America
549
558
656
Latin America
180
191*
251
Asia
346
345*
420
Europe
1,013
1,022*
1,387
Oceania
106
101
117
Total
2,272
2,296*
2,932

'*' denotes a revised figure

NOTE: The data included in this IAI Statistical Report have been derived exclusively from returns by the primary aluminum producers themselves. These producers may be either Members of the IAI or Official Correspondents, the latter being enterprises possessing, or which have possessed, effective control over primary aluminum production but which are not Members. Official Correspondents are approved by the Board of the Institute.

Neither sources outside the industry nor estimates are used.

Unwrought aluminum is aluminum in its basic cast form made from primary metal or from scrap and which is unworked in the metallurgical sense.

Total aluminum is unwrought aluminum plus unprocessed scrap, metal in process and finished semi-fabricated [mill] products.

Unwrought and total aluminum inventories are all relevant inventories over which primary aluminum producers have some degree of control, with the exception of metal included in LME or COMEX stock reports.

Further clarification can be found in "A Guide to the IPAI Statistical System - Revised Aluminum Inventory Reporting Guidelines" [dated Oct. 28, 1999] which is available from the IAI.