WBMS: 2010 Global Aluminum Market Revised To 577,000-ton Surplus-Shanghai Metals Market

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WBMS: 2010 Global Aluminum Market Revised To 577,000-ton Surplus

Industry News 09:47:47AM Mar 17, 2011 Source:SMM

LONDON, Mar 16, 2011 (Dow Jones Commodities News via Comtex) -- The global aluminum market was in surplus by 577,000 metric tons in January-December 2010, the World Bureau of Metal Statistics said Wednesday, revising earlier figures which had showed the market in 558,000-ton surplus.

The WBMS said the market had last year seen global primary consumption rise to 40.218 million tons, compared with 35.073 million tons in 2009. Global primary aluminum production over the year was 40.795 million tons, up from 36.974 million tons the year before.

"For aluminum, over the three-year period, supply of primary aluminum has exceeded demand by 4.9 million tons, contributing to the 3.5 million tons rise in visible stocks," the WBMS said.

The 577,000-ton surplus for the year was down, though, from 1.901 million tons in 2009, it said.
 

Key Words:  Aluminum Al 

WBMS: 2010 Global Aluminum Market Revised To 577,000-ton Surplus

Industry News 09:47:47AM Mar 17, 2011 Source:SMM

LONDON, Mar 16, 2011 (Dow Jones Commodities News via Comtex) -- The global aluminum market was in surplus by 577,000 metric tons in January-December 2010, the World Bureau of Metal Statistics said Wednesday, revising earlier figures which had showed the market in 558,000-ton surplus.

The WBMS said the market had last year seen global primary consumption rise to 40.218 million tons, compared with 35.073 million tons in 2009. Global primary aluminum production over the year was 40.795 million tons, up from 36.974 million tons the year before.

"For aluminum, over the three-year period, supply of primary aluminum has exceeded demand by 4.9 million tons, contributing to the 3.5 million tons rise in visible stocks," the WBMS said.

The 577,000-ton surplus for the year was down, though, from 1.901 million tons in 2009, it said.
 

Key Words:  Aluminum Al