Aluminium stocks at Japan ports rose 0.9% M-o-M and 7.71% Y-o-Y in November

According to a recent report from Reuters, aluminium stocks held at three major Japanese ports at the end of November were up by 0.9 per cent from 318,200 tonnes in October to 321,000 tonnes.
 
In October, the stocks had fallen by 2.6 per cent from 326,473 tonnes in September, which was flat in comparison with 326,100 tonnes in August.
 
Marubeni Corporation data showed the aluminium stocks at three major ports at Yokohama, Nagoya, and Osaka in November stood at 155,000 tonnes, 151,200 tonnes, and 15,000 tonnes respectively. This represents a month-on-month drop of 4 per cent in the stocks at Yokohama in November compared with 161,000 tonnes of stocks in October. At Nagoya, the stocks recorded a month-on-month rise of 7 per cent in November from 141,700 tonnes of stocks in October. At Osaka, the stocks remained the same as that of the previous month.
 
Also, on the yearly basis, the aluminium stocks at Osaka in November 2019 remained unchanged, while that at Yokohama and Nagoya rose by 7 per cent and 12 per cent from 145,200 tonnes and 135,200 tonnes respectively.
 
In October 2019, the stocks at Yokohama had risen by 3.53 per cent from 155,500 tonnes in October 2018, but that at Nagoya had dropped 3.47 per cent over the year from 146,800 tonnes. At Osaka, the stocks remained the same year-on-year.
 
The total stocks in November 2019 were also up from the same period last year when the stocks were at 295,400 tonnes.

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