The World Bureau of Metal Statistics announced that the calculated market balance for primary aluminium for the period of January to July 2022 was a deficit of 916 kt which follows a deficit of 1558 kt recorded for the whole of 2021. Demand for primary aluminium for January to July 2022 was 40.192 million tonnes, 215 kt less than in the comparable period in 2021. Demand is measured on an apparent basis and national lockdowns may have distorted the trade statistics. Production in January to July 2022 fell by 0.7 per cent. Total reported stocks fell over the seven months to close at the end of the period 737 kt below the December 2021 level. Total LME stocks (Including off warrant stocks) were 621 kt at the end of July 2022 which compares with 1213.4 kt at the end of 2021. Shanghai stocks decreased in July and ended the period 138 kt below the December 2021 total. No allowance is made in the consumption calculation for large unreported stock changes especially those held in Asia.Overall, global production of primary aluminium fell in January to July 2022 by 0.7 per cent compared with the same period in 2021. Chinese output was estimated at 22,945 kt despite recording higher availability of imported feedstocks during the early months of the year. Chinese metal production currently accounts for about 58 per cent of the world production total. Chinese apparent demand was 2.0 per cent lower than in January to July 2021 and the output of semi-manufactures rose by 0.7 per cent compared with the production in 2021. China became a net importer of unwrought aluminium in 2020. During January to July 2022 Chinese net exports of aluminium semi manufactures were 3564 kt which compares with 4926 kt for the whole of 2021. Exports of semi manufactures rose by 29 per cent compared with the January to July 2021 totalJapanese demand was up by 61 kt and US demand increased by 539 kt. Global demand fell by 0.5 per cent during January to July 2022 compared with the levels recorded one year previously.July metal balances for primary aluminium recorded production at 5572.0 kt and demand at 5839.9 kt.
The World Bureau of Metal Statistics announced that the calculated market balance for primary aluminium for the period of January to July 2022 was a deficit of 916 kt which follows a deficit of 1558 kt recorded for the whole of 2021. Demand for primary aluminium for January to July 2022 was 40.192 million tonnes, 215 kt less than in the comparable period in 2021. Demand is measured on an apparent basis and national lockdowns may have distorted the trade statistics. Production in January to July 2022 fell by 0.7 per cent. Total reported stocks fell over the seven months to close at the end of the period 737 kt below the December 2021 level. Total LME stocks (Including off warrant stocks) were 621 kt at the end of July 2022 which compares with 1213.4 kt at the end of 2021. Shanghai stocks decreased in July and ended the period 138 kt below the December 2021 total. No allowance is made in the consumption calculation for large unreported stock changes especially those held in Asia.Overall, global production of primary aluminium fell in January to July 2022 by 0.7 per cent compared with the same period in 2021. Chinese output was estimated at 22,945 kt despite recording higher availability of imported feedstocks during the early months of the year. Chinese metal production currently accounts for about 58 per cent of the world production total. Chinese apparent demand was 2.0 per cent lower than in January to July 2021 and the output of semi-manufactures rose by 0.7 per cent compared with the production in 2021. China became a net importer of unwrought aluminium in 2020. During January to July 2022 Chinese net exports of aluminium semi manufactures were 3564 kt which compares with 4926 kt for the whole of 2021. Exports of semi manufactures rose by 29 per cent compared with the January to July 2021 totalJapanese demand was up by 61 kt and US demand increased by 539 kt. Global demand fell by 0.5 per cent during January to July 2022 compared with the levels recorded one year previously.July metal balances for primary aluminium recorded production at 5572.0 kt and demand at 5839.9 kt.
