Depressed MJP aluminium demand causes stocks to jump 2.6% in June

July 28, 2020 / www.metalbulletin.com / Article Link

Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose by 2.6% month on month at the end of June, according to data released by major Japanese trading house Marubeni Corp.

Total aluminium stocks at the three ports stood at 347,300 tonnes on June 30, up by 8,800 tonnes from 338,500 tonnes at the end of May, figures released on Monday July 27 showed. This follows a 9% month-on-month surge in aluminium stocks in May.

Total aluminium stocks rose by 47,300 tonnes (15.8%) from 300,000 tonnes in June 2019 across the three ports,...

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