Aluminium inventories at Japanese ports declined 3.4% in September: Marubeni Corp.
Aluminium inventories at three major Japanese ports, Yokohama, Nagoya, and Osaka, as reported by Marubeni Corp on October 16, 2023, decreased by 3.4 per cent to 348,300 tonnes by the end of September, down from 360,700 tonnes in the previous month.
A table indicates the aluminium inventories measured in tonnes at the major ports:
|
Ports |
September 2023 |
August 2023 |
September 2022 |
|
Yokohama |
153,000 |
160,200 |
157,600 |
|
Nagoya |
175,700 |
179,700 |
203,100 |
|
Osaka |
19,600 |
20,800 |
19,000 |
|
Total |
348,300 |
360,700 |
379,700 |
Japan, the world's third-largest economy, depends on imported aluminium to meet its demand due to limitations in domestic production, however, Japan's estimated per capita aluminium consumption has reached 13 kilograms annually.
In 2022, the nation's aluminium imports surged to an impressive $10.57 billion, driven by the substantial material needs of its thriving automotive industry.
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