Aluminium stocks at the three ports totaled 275,500 tonnes as of January 31, down by 29,700 tonnes from 305,200 tonnes a year earlier, according to the data.
The year-on-year decline in stocks was mostly due to lower demand despite the
rise in the first-quarter benchmark premium to $130 per tonne, the highest quarterly level since it was settled in July-September 2018 at $132 per tonne.
Aluminium in Japan is mostly used...
