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According to the latest data from the World Bureau of Metal Statistics (WBMS), the global aluminum market from January to April this year was short of 298,000 tons of primary aluminum, and the gap was significantly wider than the 176,000 tons in the same period last year, due to the increase in primary aluminum demand and the decline in production
.
Among them, global primary aluminum demand from January to April was 18.
84 million tons, an increase of 61,000 tons year-on-year, and primary aluminum production was 18.
542 million tons, down 61,000 tons
year-on-year.
In April alone, the global supply of primary aluminum was short of 263,500 tons
.
In China, the apparent consumption of primary aluminum from January to April increased by 0.
2% year-on-year, and primary aluminum production was 9.
905 million tons, accounting for more than
53% of the world's total production.
For the supply and demand pattern of the aluminum market in 2016, Alcoa expects a supply shortage of 1.
2 million tons in the global aluminum market, of which global aluminum demand will increase by 6% to 6,050 tons
.
As for China's aluminum market supply and demand, CRU expects China's primary aluminum oversupply to narrow to 1.
8 million tonnes in 2016 from 2.
4 million tonnes in 2015 as some high-cost refineries shut down, but the addition of lower-cost capacity will lead to increased production and capacity expansion
.
Rusal expects global aluminum consumption growth of about 6% in 2016, of which China's electrolytic aluminum demand will increase by 7% in 2016, demand outside China will increase by 4%, and the transportation industry is still the main driver of aluminum demand in China and overseas, in addition to China, the aluminum market will be short of 2.
5 million tons
in 2016.
