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...


Hui Li

April 01, 2021

14:48 GMT