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Japan end Sep aluminium stocks up by 5pct
Edited by : AL CIRCLE
1 min read
Reuters reported that aluminium stocks held at 3 major Japanese ports stood at 273,900 tonnes at the end of September up 4.9% from 261,000 tonnes a month earlier.
Trading house Marubeni Corporation said that the stocks at the end of September were up 18.4% from 231,400 tonnes in the same month in 2011. Marubeni collects data from the key ports of Yokohama, Nagoya and Osaka. Japan, which has to import nearly all the metal it needs, consumes about 2 million tonnes of aluminium annually or 5% of global demand. The metal is widely used in products ranging from housing materials, planes and electronics to the food sector.
Trading house Marubeni Corporation said that the stocks at the end of September were up 18.4% from 231,400 tonnes in the same month in 2011. Marubeni collects data from the key ports of Yokohama, Nagoya and Osaka. Japan, which has to import nearly all the metal it needs, consumes about 2 million tonnes of aluminium annually or 5% of global demand. The metal is widely used in products ranging from housing materials, planes and electronics to the food sector.
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