[WBMS report] the global primary aluminum market has a supply gap of 2000 tons from January to March 2019.-Shanghai Metals Market

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[WBMS report] the global primary aluminum market has a supply gap of 2000 tons from January to March 2019.

Translation 10:17:31AM May 23, 2019 Source:Wenhua Finance and Economics
The content below was translated by Tencent automatically for reference.

SMM News: according to foreign news on May 22, (WBMS), the World Bureau of Metal Statistics, announced on Wednesday that the global primary aluminum market had a supply gap of 2000 tons from January to March 2019, compared with 969000 tons for the whole of 2018. From January to March 2019, the demand for raw aluminum was 1.532 million tons, an increase of 328000 tons over the same period last year. From January to March 2019, raw aluminum production increased by 491000 tons compared with the same period last year. WBMS no longer publishes producer inventory data, and overall reported a decline in inventories in March, which at the end of March was 108000 tons lower than in December. Total (LME) inventories on the London Metal Exchange fell in March, mainly due to a decrease of 25000 tons in the Netherlands, 44000 tons in Malaysia and 23000 tons in South Korea. Total inventories were 2.321 million tons at the end of March, down from 2.429 million tons at the end of last year. At the end of March, total inventories held on the four major exchanges in London, Shanghai, the United States and Tokyo were 1.864 million tons, down 88000 tons from the total in December. Large unreported inventory changes, particularly in Asia, are not taken into account in consumption statistics. Overall, global primary aluminum production rose 3.3 per cent from January to March 2019 compared with the same period a year earlier. China is expected to produce 8.567 million tons, currently accounting for 56 per cent of global production. China's apparent demand rose 7.6% from January to March compared with the same period last year. China's net exports of unforged aluminium from January to March were 110000 tons, compared with 103000 tons in the same period last year. From January to March 2019, the net export volume of semi-finished aluminum products was 1.209 million tons, compared with 1.043 million tons in the same period last year. Raw aluminium production in the 28 EU countries fell 3 per cent from January to March from a year earlier, while NAFTA (NAFTA) production rose 6.5 per cent from a year earlier. The demand for raw aluminum in 28 EU countries increased by 44000 tons from January to March compared with the same period last year. Global demand for primary aluminium rose 2.3 per cent from January to March compared with the same period last year. In March 2019, global primary aluminum production was 5.1494 million tons and consumption was 5.2432 million tons.

Key Words:  Aluminum  WBMS  supply  raw aluminum 

[WBMS report] the global primary aluminum market has a supply gap of 2000 tons from January to March 2019.

Translation 10:17:31AM May 23, 2019 Source:Wenhua Finance and Economics
The content below was translated by Tencent automatically for reference.

SMM News: according to foreign news on May 22, (WBMS), the World Bureau of Metal Statistics, announced on Wednesday that the global primary aluminum market had a supply gap of 2000 tons from January to March 2019, compared with 969000 tons for the whole of 2018. From January to March 2019, the demand for raw aluminum was 1.532 million tons, an increase of 328000 tons over the same period last year. From January to March 2019, raw aluminum production increased by 491000 tons compared with the same period last year. WBMS no longer publishes producer inventory data, and overall reported a decline in inventories in March, which at the end of March was 108000 tons lower than in December. Total (LME) inventories on the London Metal Exchange fell in March, mainly due to a decrease of 25000 tons in the Netherlands, 44000 tons in Malaysia and 23000 tons in South Korea. Total inventories were 2.321 million tons at the end of March, down from 2.429 million tons at the end of last year. At the end of March, total inventories held on the four major exchanges in London, Shanghai, the United States and Tokyo were 1.864 million tons, down 88000 tons from the total in December. Large unreported inventory changes, particularly in Asia, are not taken into account in consumption statistics. Overall, global primary aluminum production rose 3.3 per cent from January to March 2019 compared with the same period a year earlier. China is expected to produce 8.567 million tons, currently accounting for 56 per cent of global production. China's apparent demand rose 7.6% from January to March compared with the same period last year. China's net exports of unforged aluminium from January to March were 110000 tons, compared with 103000 tons in the same period last year. From January to March 2019, the net export volume of semi-finished aluminum products was 1.209 million tons, compared with 1.043 million tons in the same period last year. Raw aluminium production in the 28 EU countries fell 3 per cent from January to March from a year earlier, while NAFTA (NAFTA) production rose 6.5 per cent from a year earlier. The demand for raw aluminum in 28 EU countries increased by 44000 tons from January to March compared with the same period last year. Global demand for primary aluminium rose 2.3 per cent from January to March compared with the same period last year. In March 2019, global primary aluminum production was 5.1494 million tons and consumption was 5.2432 million tons.

Key Words:  Aluminum  WBMS  supply  raw aluminum