Japanese aluminium stocks remain steady M-o-M in May 2024, contributed by a 3% growth at Nagoya
According to a Japanese integrated trading and investment business conglomerate, Marubeni Corporation, aluminium stocks at Japan’s three major ports stood steady in May 2024 compared to the previous month, but recorded a sharp fall from a year ago.
Stocks increased in May following M-o-M downfall of 2.3 per cent in the previous month, totalling 308,100 tonnes. It is to be noted that Japanese stocks have maintained stability, remaining above 300,000 tonnes.
As per the data revealed, aluminium stocks at Japanese ports totalled 308,700 tonnes in May 2024 compared to 308,100 tonnes in April 2024. On a year-on-year calculation, aluminium stocks in May marked a plunge of 12.8 per cent from 354,000 tonnes.
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