Japanese ports accumulate 2.9% additional aluminium stocks in August 2023

Aluminium stocks at the three major Japanese ports - Yokohama, Nagoya, and Osaka increased by 2.9 per cent month-on-month to stand at 360,700 tonnes as of August-end, 2023, found Maruberni Corporation, a major Japanese integrated trading and investment business conglomerate.

Aluminium stocks in Japan grew in August 2023, following a decline in the previous month by 1.09 per cent from 357,490 tonnes to 350,600 tonnes.

However, on a year-on-year basis, Japanese aluminium stocks in August 2023 stood at 9.78 per cent or 39,100 tonnes lower than 399,800 tonnes. In August 2022, aluminium stocks at Japanese ports rose 9.8 per cent month-on-month from 364,000 tonnes.

At Yokohama, aluminium stocks in August 2023 stood at 160,200 tonnes – 1.46 per cent higher month-on-month than 157,900 tonnes and 1.07 per cent more year-on-year than 158,500 tonnes.

Aluminium stocks at Nagoya totalled 179,700 tonnes in August 2023, reflecting an increase of 4.54 per cent from 171,900 tonnes in July’23. However, on a year-on-year basis, aluminium stocks at Nagoya recorded a sharp fall of 19.24 per cent from 222,500 tonnes, reported Marubeni.

At Osaka, stocks remained restrained month-on-month at 20,800 tonnes and grew year-on-year by 2,000 tonnes or 10.64 per cent from 18,800 tonnes.