http://af.reuters.com/
UPDATE 1-Japan June aluminium stocks up 1.4 pct m/m
Edited by : AL CIRCLE
1 min read
Aluminium stocks held at three major Japanese ports inched up in June from May, reflecting sluggish domestic demand and slowing deliveries from ports, trading house Marubeni Corp said on Wednesday.
Aluminium stocks rose to 228,600 tonnes at the end of June, up 3,200 tonnes or 1.4 percent from a month earlier, increasing for a third straight month and hitting their highest level since September, when stocks stood at 230,400 tonnes.
Marubeni collects data from the key ports of Yokohama, Nagoya and Osaka.
Japan, which has to buy nearly all the metal it needs overseas, annually imports about 2 million tonnes of primary aluminium, widely used in products ranging from computers, planes and electronics to the food sector.
"Deliveries from ports are slowing, while imports rose slightly," a Marubeni official said.
Aluminium stocks rose to 228,600 tonnes at the end of June, up 3,200 tonnes or 1.4 percent from a month earlier, increasing for a third straight month and hitting their highest level since September, when stocks stood at 230,400 tonnes.
Marubeni collects data from the key ports of Yokohama, Nagoya and Osaka.
Japan, which has to buy nearly all the metal it needs overseas, annually imports about 2 million tonnes of primary aluminium, widely used in products ranging from computers, planes and electronics to the food sector.
"Deliveries from ports are slowing, while imports rose slightly," a Marubeni official said.
Previous article
MCX Aluminium will gain, buying recommended
Next articleUPDATE 1-Japan June aluminium stocks up 1.4 pct m/m
Grow with
AL Circle
