(Bloomberg)--Aluminum stockpiles in Japan dropped 7 percent in November, the third straight monthly decline, trading company Marubeni Corp. said today.
Inventories held in Yokohama, Nagoya and Osaka ports dropped to 210,000 metric tons at the end of last month from 225,800 tons as of Oct. 31, according to Marubeni, Japan’s largest importer of the metal used in cars and houses. It was the smallest volume in four months.
Inventories fell to 169,900 tons in September last year, the lowest level since Marubeni began compiling data in June 1995, after importers slashed the volume of purchases on expectation that demand would weaken amid an economic slump.
A breakdown of the Japanese stockpiles data follows:
Yokohama Nagoya Osaka Total
Nov. 30, 2010 100,900 96,100 13,000 210,000
Oct. 31, 2010 112,100 100,700 13,000 225,800
Nov. 30, 2009 81,500 87,000 12,000 180,500
(Figures are in metric tons.)