Aluminum Inventories At Japan's Three Major Ports Hit A Periodic Low, Premiums In Q1 2024 Fell 2%

Trading company Marubeni Corp said that as of the end of November 2023, aluminum inventories at Japan's three major ports fell 3.3% from the previous month to 330,000 mt, the lowest since the end of February 2022. Specifically, inventories in Yokohama, Nagoya, and Osaka have all fallen to varying degrees. Japan’s aluminum premium for the first quarter of 2024 was set at the beginning of this month at $95/mt, down 2% from the current quarter.