According to Dow Jones Newswires November 22, World Bureau of Metal Statistics (WBMS) data released on its website on Wednesday showed that from January to September this year, the global supply of primary aluminum market shortage of 1.463 million tons in 2016, a shortage of 770,000 throughout the year Ton.
In the first nine months of this year, the demand for primary aluminum was 45.49 million tons, an increase of 1,887,000 tons over the same period of last year. January-September primary aluminum production increased 1.13 million tons.
The total reportable inventories decreased by 5,000 tons, as of the end of September to 2.279 million tons, equivalent to 14 days of demand, as of the end of 2016 to 2.761 million tons.
As of the end of September, the total stocks held by the four largest exchanges in London, Shanghai, the United States and Tokyo were 1.488 million tons, a decrease of 476,000 tons from the level at the end of last year.
Overall, global production rose 2.6% YoY in the first nine months of this year. China is estimated at 24.661 million tons of output, which accounts for more than 56% of global output. Apparent demand in China increased by 5.2% over the same period of last year. China's net exports during the first nine months of the year were 275,000 tons. In 2016, net unmanaged aluminum exports in the full year of 2016 were 255,000 tons. China's net exports of semi-finished aluminum products in the first nine months of this year were 2.916 million tons, up from 2.806 million tons in the same period of last year.
Aluminum output in 28 EU countries showed a small increase of 0.2% year-on-year while that in North American Free Trade Area fell 2.2%. The demand from EU-28 increased by 132,000 tons over the same period of last year. January-September global demand rose 4.3%.
In September 2017, the global production of primary aluminum was 4.665 million tons and the consumption was 4.7697 million tons.