Tuesday, May 20, 2014

US Aluminum shipments rise 9.8% in April '14, inventories up: MSCI

US Aluminum shipments rise 9.8% in April '14, inventories up: MSCI
The latest released statistics by the Metals Service Center Institute (MSCI) indicate that the aluminum shipments from the US and Canada were up during April this year in comparison with the same month a year ago.
According to data released by MSCI, the total aluminum shipments from various US service centers in April this year totaled 139,500 mt, which is 9.8% higher than the shipments recorded during same month the previous year.
The total aluminum shipments from the US during the first four months of the year 2014 amounted to 533,600 mt. The shipments during this period are up 10.1% in comparison with the shipments during the corresponding four-month period in 2013.
The current aluminum inventories of US are at 391,700 mt at the end of April, higher by 6.7% in comparison with the aluminum inventory levels in April 2013.
As per MSCI data, the total aluminum products shipment by Canada through various service centers amounted to 13,400 mt during the month of April this year. This is 6.6% higher when compared to the shipments during April 2013.
The total aluminum shipments from Canada during the first four months of the year 2014 amounted to 52,700 mt. The shipments during this period are marginally higher by 0.5% in comparison with the shipments during the same period in 2013.
The current aluminum inventories of Canada are at 39,500 mt at the end of April, up by 6.6% in comparison with the aluminum inventory levels in April 2013.

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