Aluminium inventories at Japanese ports declined 3.4% in September: Marubeni Corp.; Aluminium Extrusion, Profiles, Price, Scrap, Recycling, Section

Primary Aluminium News - Market

Aluminium inventories at three major Japanese ports, Yokohama, Nagoya, and Osaka, as reported by Marubeni Corp on October 16, 2023, decreased by 3.4 per cent to 348,300 tonnes by the end of September, down from 360,700 tonnes in the previous month.

Japanese aluminium inventories

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A table indicates the aluminium inventories measured in tonnes at the major ports:

Ports	September 2023	August 2023	September 2022
Yokohama	153,000	160,200	157,600
Nagoya	175,700	179,700	203,100
Osaka	19,600	20,800	19,000
Total	348,300	360,700	379,700

Japan, the world's third-largest economy, depends on imported aluminium to meet its demand due to limitations in domestic production, however, Japan's estimated per capita aluminium consumption has reached 13 kilograms annually.

In 2022, the nation's aluminium imports surged to an impressive $10.57 billion, driven by the substantial material needs of its thriving automotive industry.

Edited By: Rupankar Majumder

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