MJP aluminium stocks declines 10% y-o-y in Feb

Total primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama fell by 10% year on year at the end of February, data from Japanese trading house Marubeni on Thursday April 1 shows.

Aluminium stocks at the three ports totaled 268,700 tonnes on February 28, down by 29,700 tonnes from 298,400 tonnes a year earlier, data shows.

High freight rates and logistics problems dented Japanese buyers' appetite for more cargoes while the recently finalized MJP quarterly contracts...

Published

Hui Li

April 01, 2021

14:48 GMT

Shanghai