WBMS: World Primary Aluminum Metal Market Ended in Notable Deficit

SEATTLE (Scrap Monster): The January to December 2021 Metals Balances Report published by the World Bureau of Metal Statistics (WBMS) suggests that primary aluminium market ended in notable deficit of 1,931 kt. This follows a surplus of 1,041 kt recorded for the whole of the previous year.

The global aluminum production during the full year 2021 rose by nearly 3.1% upon comparison with the year before. The Chinese output, at 38,502.6 kt, accounted for almost 57% of the global aluminium production. The Chinese net exports of aluminum semi manufactures rose 5.6% to 4,926 kt during January to December last year, in comparison with the corresponding period a year before.

The demand stood higher by 5,015 kt from 2020 to around 69.06 million tonnes. The Chinese apparent demand surged higher by 5.1% than in Jan-Dec ‘20. The Japanese demand was up by 308 kt, while the U.S. demand too was up by 313 kt.

The total reported stocks of the metal declined in December 2021 to close the period at 1,621 kt below the end-2020 levels. The Shanghai stocks decreased during the month of December last year and ended the period 98 kt above the end-2020 levels. Meantime, the LME stocks closed at 1,213.4 kt at the end of the previous year, compared with 2,917.0 kt at the end of 2020.

In December 2021, primary aluminium production totalled 5,513.3 kt, whereas the demand stood at 5,678.8 kt.

YOU MAY ALSO BE INTERESTED IN:

Global Metals Demand to Face Major Headwinds in Q4 This Year

World Nickel Market Posted Deficit Until November 2021, Says WBMS