Japan's aluminium stock hits 7 month high in May
Metal Recycling News | 2011-06-13 10:09:07 | By Paul Ploumis
Japan's aluminium stocks held at three major ports at the end of May hit a seven month high reflecting the rise in imports mainly from Australia and on delayed deliveries
TOKYO (Scrap Monster): Japan’s aluminium stocks held at three major ports at the end of May hit a seven month high reflecting the rise in imports mainly from Australia and on delayed deliveries.
Aluminium stocks at the ports came to 225,400 tonnes at the end of May, up 6,300 tonnes or 2.9 percent from a month earlier.
The stocks rose for the second month in a row, after rising in April for the first time in four months. The May level was the highest since stocks stood at 225,800 tonnes in October.
Japan annually imports about 2 million tonnes of primary aluminium, widely used in products ranging from computers, planes and electronics to the food sector. read more on this