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Mining News - The Primary aluminum of market balance calculated for a deficit of 141kt for January to March ,According to World Bureau of Metal Statistics this was follows a deficit of 1130 kilo tons recorded for the whole of 2017
Mining News -
Demand for primary aluminum for January to March 2018 was 14.9 million tones 343 kt less than in the same quarter months of 2017.
Production in January to March 2018 fell by 10 kt compared with the same period in 2017.
Producer stock data is no longer published and total reported stocks rose by 272 kt during February and by a further 85 kt in March. The increases included net deliveries into the Malaysian LME warehouses of
258 kt. Total stocks at the end of March 2018 were 2719 kt which compares with 2346 kt at the end of 2017.
Total stocks held in the four exchanges in London, Shanghai, USA and Tokyo were 2312 kt at the end of March 2018 which was 373 kt above the December 2017 total.
No allowance is made in the consumption calculation for large unreported stock changes especially those held in Asia.
Overall, global production fell in January to March 2018 by 0.1 per cent compared with the first quarter of 2017. Chinese output was estimated at 8119 kt and this currently accounts for about 55 per cent of the world production total.
Chinese apparent demand was 1.5 per cent lower than in January to March 2017. Chinese net exports were 103 kt in January to March and net exports of unwrought aluminum for the whole of 2017 were 365 kt. Net exports of aluminum semi manufactures from China rose from 858 kt in January to March 2017 to 1043 kt in the first quarter of 2018.
Production in the EU28 was 1.4 per cent higher than the previous year and NAFTA output fell by 5.3 per cent. EU28 demand was 22 kt lower than the comparable 2017 total. Global demand fell by 2.3 per
cent during January to March 2018 compared with the levels recorded one year previously.
In March 2018, primary aluminum production was 5013.4 kt and consumption was 5085.1 kt.
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