Japan aluminium demand improves, drives stocks dn-Marubeni
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Japan's recovery in demand for primary aluminium caused primary aluminium stocks in the major Japanese port cities of Nagoya, Yokohama and Osaka to decline for a second consecutive month to 211,000 metric tons at the end of April, an official at Marubeni Corp said. "Warehouse companies told us the stocks are likely to decline even lower in May," the official said. At the end of March, the stocks stood at 233,200 tons, according to Marubeni data, down from 248,000 tons in February. Marubeni stock data are usually higher than official data compiled by the Japan Aluminium Association.