MJP aluminium stocks climb 4.4% in May, Nagoya stocks up 10%

Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama climbed for a second month in a row in May, rising by 4.4%, but were down 15.6% from May 2020, according to data from major Japanese trading house Marubeni Corp.

Aluminium stocks at the three ports totaled 285,600 tonnes on May 31, up by 12,000 tonnes from the end of April, according to the figures released on Wednesday June 23. This follows a 1.3% month-on-month hike in April.
MJP aluminium stocks across all three ports are down 15.6% year on year from 338,500 tonnes in May 2020.

Leading the growth in overall inventory levels this May is Nagoya, with its stocks rising by 12,600 tonnes, or 10.1%, to 137,700 tonnes in May, up from 125,100...

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