WBMS: Global Aluminum Market In 434,000-ton Surplus January-August-Shanghai Metals Market

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WBMS: Global Aluminum Market In 434,000-ton Surplus January-August

Industry News 10:08:07AM Oct 21, 2010 Source:SMM

LONDON, Oct 20, 2010 (Dow Jones Commodities News via Comtex) -- The global aluminum market was in surplus by 434,000 metric tons between January and August, down from a large surplus in the same period last year, the World Bureau of Metal Statistics said Wednesday.

WBMS said the aluminum market was in surplus by 1.512 million tons in the first eight months of 2009. It also revised the full 2009 surplus for aluminum to 2.020 million tons.

Demand for primary aluminum in January-August 2010 totaled 26.69 million tons, up 4.174 million tons from the same period of last year.

Production in the first eight months of the year rose by 3.096 million tons, or 12.9%, from the same period in 2009. The WBMS didn't provide a total figure.
 

WBMS: Global Aluminum Market In 434,000-ton Surplus January-August

Industry News 10:08:07AM Oct 21, 2010 Source:SMM

LONDON, Oct 20, 2010 (Dow Jones Commodities News via Comtex) -- The global aluminum market was in surplus by 434,000 metric tons between January and August, down from a large surplus in the same period last year, the World Bureau of Metal Statistics said Wednesday.

WBMS said the aluminum market was in surplus by 1.512 million tons in the first eight months of 2009. It also revised the full 2009 surplus for aluminum to 2.020 million tons.

Demand for primary aluminum in January-August 2010 totaled 26.69 million tons, up 4.174 million tons from the same period of last year.

Production in the first eight months of the year rose by 3.096 million tons, or 12.9%, from the same period in 2009. The WBMS didn't provide a total figure.