Japan’s aluminum output & shipments decline in May on weak demand
Views : 198
Update time : 2022-06-30 21:51:23
According to Japan Aluminium Association (JAA), Japan’s aluminum products output totaled around 153,100 tons in May this year, dropping by 1.2% compared to the same month a year ago, the second consecutive month of yearly decline.
Among them, the output of aluminum plates, used in the manufacture of cans, electronic equipment, auto components, and for exports, had a decrease to 102,100 tons, the first decline in seven months. The output of aluminum extrusions, applied in construction and automobile industries, was down by 3.6% to 51,000 tons, the fifth consecutive monthly decrease.
In May, Japan’s shipments of aluminum products fell by 1.7% year on year to 150,300 tons, which have fallen for three months in a row, due to the decrease in demand for aluminum cans, the automobile market, and construction.
In the fiscal year 2021/22 ending in March, Japan's aluminum products output rose by 9.4% year on year to around 1.89 million tons, the first increase in four years, mainly driven by growth in demand for aluminum cans and automotive aluminum.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
