Aluminium stocks at Japanese ports drop 9% Y-o-Y in August, highlighting ongoing supply issues in Asia
Views : 3
Update time : 2024-09-23 14:40:37
Aluminium stocks at Japan’s three major ports – Yokohama, Nagoya, and Osaka decreased year-on-year, indicating persistent supply constraints in Asia. Compared to 360,700 tonnes at the end of August 2023, stocks in August 2024 recorded a sharp fall of 9.26 per cent, showed Marubeni Corporation, a major Japanese integrated trading and investment business conglomerate.
Nonetheless, the stocks hovered above 300,000 tonnes, marking a month-on-month increase of 9.25 per cent from 299,600 tonnes. According to the data shared by Marubeni, Japanese aluminium stocks at the end of August 2024 stood at 327,300 tonnes.
China’s bauxite imports soar to a record high, buoyed by 14.6% hike in Guinea’s supply
