MJP aluminium stocks fall 2.14% m-o-m in June; eyes on spot premium

Primary aluminium stocks at the three main Japanese ports (MJP) declined 2.14% on a monthly basis in June, according to Marubeni Corp data released on Friday July 14.

Total MJP stocks stood at 260,200 tonnes at the end of June, compared with 265,900 tonnes a month earlier. Year-on-year, stocks were down 17.8%. The decline was due to some destocking activity amid increased demand from the beverage can-making industry during the summer season, a Japanese trader said. While others cited shipment delays during the period for the near 6,000-tonne fall. The lowering in stocks comes at a time when the market continues to track spot cif MJP...

Published

Shivani Singh

July 14, 2017

11:30 GMT

Singapore