Aluminium stocks at Japan’s major ports rise in October

Aluminium ingot inventories at three major Japanese ports rose about 8% month-on-month in October, trading house Marubeni Corp’s data showed on Wednesday November 13.

The total inventories at Osaka, Yokohama and Nagoya stood at 261,600 tonnes in October, up from 242,300 tonnes in September. Inventories were up 1.5% year-on-year. “Stock volumes at Nagoya increased a little,” a trader source from Tokyo said. “[More] cargoes arrived at Nagoya than usual and delivery out from the port was less than usual,” he said, adding that the domestic and international markets for aluminium remained very quiet. Nagoya stocks rose 15.6% month-on-month in October to 135,500 tonnes. At Yokohama, total stocks rose by almost 1% in October to 110,100 tonnes.