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Japan Aluminum Stockpiles Post First Gain in 6 Months

Copper Slumps Daily Limit in Shanghai on Stockpiles, Production

TOKYO, Sept. 14 -- Aluminum stockpiles in Japan increased in August for the first time in six months as shipments declined, trading company Marubeni Corp. said today.
&nbsp;&nbsp;&nbsp; Inventories in Yokohama, Nagoya and Osaka ports gained 10 percent to 192,200 metric tons as of Aug. 31 from a month earlier. Stockpiles were 174,200 tons at the end of July, the lowest level since Marubeni began compiling data in June 1995.
&nbsp;&nbsp;&nbsp; Stockpiles rose because of slower shipments in the domestic market amid summer holidays and the delayed arrival of a South American cargo that was scheduled to reach Japan in July, according to Tokyo-based Marubeni, Japan's largest importer of the light metal.
&nbsp;&nbsp;&nbsp; Inventories reached 374,600 tons at the end of February, the highest level since September 1998, as demand slumped amid recession. Volumes then declined as Japanese trading companies and aluminum rolling mills pared purchase volumes under supply contracts this year on anticipation of worsening demand.
&nbsp;&nbsp;&nbsp; (Source: Bloomberg)

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Japan Aluminum Stockpiles Post First Gain in 6 Months_SMM | Shanghai Nonferrous Metals

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