According to the Marubeni Corp report, aluminium stocks dropped across Japan in July 2023 by 1.9 per cent month-on-month. At the three major Japanese ports - Yokohama, Nagoya, and Osaka- aluminium stocks reached 350,600 tonnes at the end of July compared to 357,490 tonnes in the previous month.
On a year-on-year basis, Japanese aluminium stocks in July 2023 fell by 3.68 per cent from 364,000 tonnes.
In July, aluminium stocks at Yokohama stood at 157,900 tonnes, registering a decline of 3,300 tonnes or 2.05 per cent from 161,200 tonnes. However, on a year-on-year basis, the stocks in July 2023 recorded a significant rise of 16,800 tonnes or 11.91 per cent from 141,100 tonnes.
Aluminium stocks at Nagoya in July 2023 were recorded at 171,900 tonnes, down by 1,500 tonnes or 0.87 per cent from 173,400 tonnes in June. On an annual basis, the stocks in July at Nagoya port fell sharply by 16.72 per cent from 206,400 tonnes.
Aluminium stocks at Osaka also experienced a month-on-month downfall in July 2023 by 2,090 tonnes or 9.13 per cent to 20,800 tonnes from 22,890 tonnes. On a yearly basis, the stocks fell by 4,300 tonnes from 16,500 tonnes.