Aluminium In Surplus Of 423000 Tonnes In Jan-Apr-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 423000 tonnes in the first four months of 2013, up 3.1 percent compared to a surplus of surplus of 410100 tonnes in first four months of 2012.
Aluminium was in surplus of 548800 tonnes in whole of 2012. On a monthly basis, Aluminium markets recorded a surplus of 24000 tonnes in April 2013, down 85 percent compared to a surplus of 163600 tonnes in the month of March. The closing stocks of Aluminium at the end of April were 7.28 million tonnes, down from 7.4 million tonnes in the month ending March 2012.
World primary Aluminium production in April 2013 was 3.97 million tonnes, up 1.8 percent from 3.90 million tonnes in March 2013. In January-April 2013, World mined Aluminium production was 15.68 million tonnes, up 5.5 percent compared to 14.86 million tonnes in January-April 2012.
China refined Aluminium production in January-April 2013 was 7 million tonnes, up 18 percent from 6.22 million tonnes in January-April 2012. China produced 44 percent of total Aluminium produced in the world. China production of refined Aluminium in April was 1.79 million tonnes, from 1.70 million tonnes in March 2013.
Refined production of Aluminium in US was 665300 tonnes in January-April 2013, down by 4.8 percent from similar period last year. Production in April was down to 5300 tonnes compared to 166800 tonnes in March 2013.
Refined production of Aluminium in EU27 was 665300 tonnes in first four months of the year, down 4.8 percent than 699200 tonnes in first four months of 2012.
Meanwhile, World refined Aluminium consumption was 15.11 million tonnes in January-April 2013, up 5.5 percent from 14.31 million tonnes in January-April 2012. Chinese refined Aluminium consumption was 5.16 million tonnes in January-April 2013, up 9.3 percent from 4.72 million tonnes in January-April 2012. China consumed 46.5 percent of total Aluminium consumed in the world.
Refined consumption in US increased by 5.8 percent to 1.64 million tonnes in January-April 2013 compared to 1.55 tonnes in similar period last year. Consumption of EU 27 was 2.13 million tonnes in January-April 2013, from 2.11 million tonnes in January-April 2012.
Source by Commodity Insights