World Aluminium Production Up 2.5 Percent In February 2013- WBMS

Aluminium........

World Bureau of Metals Statistics (WBMS) has come up with its numbers for major metals. The agency has said that World Aluminium markets were in surplus of 120100 tonnes in the month of February 2013, down 26 percent compared to a surplus of surplus of 95400 tonnes in January 2013.

Aluminium was in surplus of 552000 tonnes in whole of 2012. On a cumulative basis, Aluminium markets recorded a surplus of 317100 tonnes in January-February 2013, down 2.4 percent compared to a surplus of 324900 tonnes in the corresponding period last year. The closing stocks of Aluminium at the end of February were 7.36 million tonnes, up 0.22 percent from the year ending 2012 when stocks were 7.36 million tonnes.

World primary Aluminium production in February 2013 was 3.866 million tonnes, up 2.5 percent from 3.96 million tonnes in January 2013. In January-February 2013, World mined Aluminium production was 7.87 million tonnes, up 6.2 percent compared to 7.41 million tonnes in January-February 2012.

China refined Aluminium production in January-February 2013 was 3.52 million tonnes, up 13 percent from 3.10 million tonnes in January-February 2012. China produced 44 percent of total Aluminium produced in the world. China production of refined Aluminium in February was 1.73 million tonnes, down 2.8 percent from January 2013.

Refined production of Aluminium in US was 326400 tonnes in January-February 2013, down by 5.6 percent from similar period last year. Production in February was down to 155300 tonnes compared to 171000 tonnes in January 2013.

Refined production of Aluminium in EU27 was 430500 tonnes in first two months of the year, up 8.3 percent than 397500 tonnes in first two months of January-February 2012.

Meanwhile, World refined Aluminium consumption was 7.48 million tonnes in first two months of the year, up 6.6 percent from 7.02 million tonnes in January-February 2012. Chinese refined Aluminium consumption was 3.48 million tonnes in January-February 2013, up 11 percent from 3.13 million tonnes in January-February 2012. China consumed 46.5 percent of total Aluminium consumed in the world.

Refined consumption in US increased by 14 percent to 831700 tonnes in January-February 2013 compared to 725900 tonnes in similar period last year. Consumption of EU 27 was 998200 tonnes in January-February 2013, down 3 percent from 1.02 million tonnes in January-February 2012.

Source by Commodity Insights