SHANGHAI, Dec 16 – According to a report released by the World Bureau of Metal Statistics (WBMS) on Wednesday, the global supply of primary aluminium from January to October 2021 will be short of 1.366 million mt, while the surplus of primary aluminium in 2020 was 1.271 million mt.
The global demand of primary aluminium from January to October 2021 totalled 57.62 million mt, up 4.42 million mt.
Demand is measured by apparent data, and the nationwide blockade may affect trade statistics.
The global output rose 4.1% from the same period last year in January to October 2021.
The inventory at the end of October was 1.359 million mt lower than the level at the end of 2020.
As of the end of October 2021, LME aluminium stocks were 1.48 million mt. The inventory stood at 2.92 million mt as of the end of 2020.
China's primary aluminium output is expected to be 32.36 million mt.
Japanese demand increased by 265,000 mt, and US demand increased by 112,000 mt.
From January to October 2021, global primary aluminium demand increased by 8.3% compared with the previous year.
In October, the global primary aluminium production was 5.6352 million mt, and demand was 5.7227 million mt.
