World Metals Bureau (WBMS) Wednesday published in its Web site data show that from January to July this year, the global supply of aluminum market shortage of 138.1 million tons, 2016 years for the shortage of 751,000 tons.
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In the first seven months of this year, the demand for primary aluminum was 35.93 million tons, up by 2.222 million tons from 33.78 million tons in the same period of last year. From January to July, the output of primary aluminum increased by 1.54 million tons year on year.
The total reportable inventory is reduced by 2,700 tons, as of the end of July to 2.223 million tons, equivalent to 14 days demand, as of 2016 at the end of 27.61 million tons.
As of the end of July, London, Shanghai, the United States and Tokyo, the four major exchanges held by the total inventory of 1.48 million tons, compared with the end of the year to reduce the level of 487,000 tons.
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Overall, the first seven months of this year, the global total output increased by 4.6%. China’s production is expected to be 15.931 million tons, the level of global production accounted for more than 56%. China’s apparent demand increased 8.8% year on year. China’s net exports for the period from January to July were 21.1 million tonnes, and in 2016, net exports of unwrought aluminum were 255,000 tonnes. China’s first seven months of this year, aluminum semi-finished products net exports to 1.232 million tons, higher than the previous year’s 2.155 million tons.
EU-28 aluminum production increased by 0.1% year on year, North American Free Trade Agreement area production fell 2.9%. Demand for EU 28 countries increased by 162,000 tons. Global demand rose 7% year on year.
July 2017, the world’s primary aluminum production was 4.8459 million tons, consumption of 515.46 million tons.
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