Japan's demand for aluminium is the highest in Asia but recently has been falling fast due to a slowing economy and the coronavirus (2019-nCoV) outbreak affecting downstream demand.
Japan is the biggest buyer of aluminium in Asia, typically ratcheting up to more than 1 million tonnes per year of imports, but the industry is now experiencing a period of increasingly weak demand.Market sources that Fastmarkets spoke to say 2020 could see a similar fall in aluminium demand, or more, due to the coronavirus spread exacerbating a situation where prices for the...