首页|Japan end-May aluminium stks rebound from 5-yr low
Japan end-May aluminium stks rebound from 5-yr low
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NSTL
Japan's primary aluminium stocks in the major port cities of Yokohama, Nagoya and Osaka rebounded to 215,200 metric tons at the end of May, from a five-year low of 211,000 tons at the end of April, an official of Marubeni Corp. said. The rebound was unexpected, but the amount of the stock increase is not high enough to indicate a reversing trend, the official said. Japan's stock decline at the end of April, the second consecutive one, contributed to aluminium premium increases in both the spot market and third-quarter contracts in Japan. Other traders said Japan's primary aluminium stocks had already hit bottom in April, and the end-May rebound is likely to continue, as consumers' restocking has slowed down.
NSTL
