WBMS: Global Aluminum Deficit Eases Significantly during January-March 2017

Published: May 18, 2017 09:56

Save

Global primary aluminum market was in a deficit of 356,000 tonnes in Q1 2017, compared with a staggering shortage of 1.12 million tonnes in the whole of 2016.

SHANGHAI, May 18 (SMM) – Global primary aluminum market was in a deficit of 356,000 tonnes in Q1 2017, compared with a staggering shortage of 1.12 million tonnes in the whole of 2016, according to latest data from World Bureau of Metal Statistics (WBMS).

Primary aluminum demand worldwide was 15.05 million tonnes in Q1 2017, up 1.15 million tonnes from a year ago. Primary aluminum output in China was estimated at 8.2 million tonnes in Q1, 56% of global output, WBMS data showed.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Global primary aluminum supply Global primary aluminum demand WMBS

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

37 mins ago

Overseas Aluminum Supply Disruptions Continued, and Cast Aluminum Alloy Futures Surged Sharply Overnight [SMM Cast Aluminum Alloy Morning Comment]

[SMM Cast Aluminum Alloy Morning Comment: Overseas Aluminum Supply Disruptions Persist; Aluminum Alloy Futures Surged Sharply Overnight] On Wednesday, ADC12 prices continued to rise, with mainstream quotations raised by 100–300 yuan/mt, driven by the rapid rise in raw material costs. Market quoting sentiment was slightly divided: some enterprises, supported by costs, actively followed the rally, with increases of 200–300 yuan/mt; others believed this round of gains was more macro-driven, with insufficient fundamental support, and that prices face pullback risks, cautiously following up by 100 yuan/mt while staying on the sidelines.

37 mins ago

42 mins ago

EBRD Loans €13.7M to Alumil Misr for New Aluminum Extrusion Line in Cairo Plant

[SMM Aluminum Express News] The EBRD is providing a loan of up to €13.7 million to Alumil Misr (Egyptian subsidiary of ALUMIL) to build a new aluminium extrusion line at its Polaris Industrial Zone plant in Cairo. The line will significantly increase production capacity, support vertical integration, and strengthen supply of advanced aluminium systems for construction and industrial sectors in Egypt and the region.

42 mins ago

46 mins ago

Bahrain Aluminum Hit by Force Majeure; LME Aluminum Prices Reach a New High in 22 Years [SMM Aluminum Morning Meeting Minutes]

[SMM Aluminum Morning Meeting Minutes: Aluminum Bahrain Encounters Force Majeure; LME Aluminum Prices Hit a New High Since 2022] Overall, driven by both expectations of a widening overseas supply gap and risk-averse market sentiment, aluminum price fluctuations have further intensified, and SHFE aluminum prices are expected to maintain a fluctuate upward trend in the short term.

46 mins ago