WBMS: Global Aluminum Market In 318,000-ton Surplus Jan-Oct-Shanghai Metals Market

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WBMS: Global Aluminum Market In 318,000-ton Surplus Jan-Oct

Industry News 09:58:44AM Dec 16, 2010 Source:SMM

LONDON, Dec 15, 2010 (Dow Jones Commodities News via Comtex) -- The global aluminum market was in a 318,000 metric ton surplus in the first 10 months of the year, the World Bureau of Metal Statistics said Wednesday.

The primary aluminum surplus between January and October of this year was about a fifth of the size of the 1.458 million-ton surplus in the same period a year before.

Demand for primary aluminum in the first 10 months of 2010 was 33.60 million tons--4.65 million tons more than in the same period last year.

Production in January to October rose by 3.510 million tons, following a 2.675 million ton decline over the whole of 2009. The WBMS did not provide a total production figure.
 

WBMS: Global Aluminum Market In 318,000-ton Surplus Jan-Oct

Industry News 09:58:44AM Dec 16, 2010 Source:SMM

LONDON, Dec 15, 2010 (Dow Jones Commodities News via Comtex) -- The global aluminum market was in a 318,000 metric ton surplus in the first 10 months of the year, the World Bureau of Metal Statistics said Wednesday.

The primary aluminum surplus between January and October of this year was about a fifth of the size of the 1.458 million-ton surplus in the same period a year before.

Demand for primary aluminum in the first 10 months of 2010 was 33.60 million tons--4.65 million tons more than in the same period last year.

Production in January to October rose by 3.510 million tons, following a 2.675 million ton decline over the whole of 2009. The WBMS did not provide a total production figure.