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Commodities Buzz: World Aluminium Inventories Drop Down In October 2011

capital market | Mumbai | February 12, 2014 20:48 IST

Commodities Buzz: World Aluminium Inventories Drop Down In October 2011

World reported Aluminium inventories declined to 2.43 million tons in October 2011. International Aluminium Institute data showed that the total reported inventories were down by 4% from 2.54 million tons in the month of September 2011. Inventories drawdown was noted in North America, Africa and Europe whereas South America, Asia and Oceania noted a rise in the inventory levels.

Europe showed a decline of 9.5% from 1.084 million tons in September to 0.98 million tons in October 2011. Inventories in North America were 578000 tons in October 2011 as against 587000 tons in September 2011, down 1.5%. African inventories were 122000 tons in October compared to 146000 tons last month.

Asian inventories were at 465000 tons in October 2011, up 3.1% from 451000 tons in September 2011. Oceania that included Australia and New Zealand showed an inventory level of 89000 tons in October 2011, up 3.5% from 86000 tons in September 2011.

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