
Aluminium stocks at three major ports in Japan- Yokohama, Nagoya, and Osaka, extended growth by 9.5 per cent or 29,500 tonnes month-on-month at the end of May, found Marubeni Corporation. At the end of April, the stocks at these Japanese ports were 309,000 tonnes, which in the next month increased to 338,500 tonnes.
Aluminium stocks (in tonnes) at the three major Japanese ports in May were as follows:
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So, as the above chart indicates, the aluminium stocks at Yokohama port in May 2020 increased by 6,200 tonnes or 3.86 per cent month-on-month from 160,500 tonnes in April to 166,700 tonnes. Year-on-year, the stocks at Yokohama grew by 13,700 tonnes or 8.95 per cent from 153,000 tonnes.
At Nagoya port, the aluminium stocks increased by 22,800 tonnes or 17.07 per cent month-on-month from 133,500 tonnes in April to come in at 156,300 tonnes in May. Year-on-year, the stocks stood up by 28,300 tonnes or 22.11 per cent from 128,000 tonnes. The stocks at Osaka grew marginally by 500 tonnes month-on-month as well as over the year to hover at 15,500 tonnes in May 2020.
The total aluminium stocks at these three major ports jumped by 42,500 tonnes or 14.36 per cent over the year in May 2020. During the same period last year, the stocks totalled 296,000 tonnes.
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