Japan aluminum inventory increase for a 10th straight month

February 17 news in Tokyo, Japan by the end of January, the three main port aluminium stocks climbed a 10th straight month, due to strong imports but the tepid domestic demand. trade

Marubeni company said on Tuesday, January is located in yokohama, Nagoya and Osaka aluminium inventories increased 8.8% to 449800 tonnes last month.

1 month inventory beyond the record high in December, its high nearly 15 years since data.

Tokyo an unnamed trader said, “a big Bob imports into Japan to find a buyer, due to other parts of Asia sluggish demand, and China’s exports to its neighbours cheaper aluminum products.”

China aluminum products export growth of about 19% last year, analysts expect this year, this trend will continue, because compared with the international market, the domestic price is relatively cheap.

In addition, the trade data showed that Japan’s in 2014 aluminum imports surged 16% to 1.698 million tonnes, the highest since 2010. Aluminum alloy imports rose 11% to 1.125 million tons, is the highest since 2008.

The dealers added that some originally scheduled for February to ship or port in advance to the same cause Japan aluminum stock expansion, and domestic demand is weak.

Japan aluminum association, Japan on December rolling aluminium output fell 2.9% to 160731 tons, for the second consecutive month, reflect the slow cars and housing demand.

1-3 month quarter, the original aluminum the LME cash premium reached a record high of $425 a tonne, up for the fifth consecutive quarter.