WBMS: Primary Aluminum Metal Balance Ended in Deficit During Jan-Sep '22

The demand stood lower by 30 kt from the comparable nine-month period in 2021 at around 51.84 million tonnes.

SEATTLE (Scrap Monster): The January to September 2022 Metals Balances Report published by the World Bureau of Metal Statistics (WBMS) suggests that primary aluminium market ended in deficit of 822 kt. This follows a deficit of around 1,600 kt recorded for the whole of the previous year.

The global aluminum production during the initial nine-month period of the current year rose by nearly 332kt upon comparison with the same period a year before. The Chinese output, at 29,880 kt, accounted for approximately 59% of the global aluminium production. The Chinese net exports of aluminum semi manufactures rose by 23% to 4,473 kt during Jan-Sep ‘22, in comparison with the corresponding nine-month period a year before.

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The demand stood lower by 30 kt from the comparable nine-month period in 2021 at around 51.84 million tonnes. The Chinese apparent demand rose marginally by 0.1% over the previous year. The Japanese demand was up by 47 kt, while the U.S. demand too increased by 467 kt.

The total reported stocks of the metal over the nine months stood below the end-2021 levels by 635 kt. The Shanghai stocks declined during the month of September this year and ended the period 149 kt below the end-2021 levels. Meantime, the total LME stocks stood at 651 kt at the end of September 2022, compared with 1,213.4 kt at the end of 2021.

In September 2022, primary aluminium production totalled 5,729.4 kt, whereas the demand stood at 5,826.0 kt.

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