Bloomberg News

Aluminum Stockpiles in Japan Decline Most in Eight Months

April 11, 2012

Aluminum stockpiles in Japan dropped 7.3 percent in March from a month earlier, the largest decline in eight months, signaling a recovery in demand from Asia’s largest importer of the metal used in cars and houses.

Inventories held in Yokohama, Nagoya and Osaka ports declined to 245,100 metric tons at the end of last month from 264,500 tons on Feb. 29, trading company Marubeni Corp. (8002) said today by e-mail. It was the second month of decline after the total reached 277,800 tons in January, the highest level since April 2009.

A breakdown of Japanese stockpiles data follows:

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                Yokohama     Nagoya    Osaka     Total
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March 31, 2012   126,100    104,000    15,000   245,100
Feb. 29, 2012    138,100    111,400    15,000   264,500
Jan. 31, 2012    135,800    127,000    15,000   277,800
(Figures are in metric tons.)
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To contact the reporters on this story: Aya Takada in Tokyo at atakada2@bloomberg.net; Yasumasa Song in Tokyo at ysong9@bloomberg.net

To contact the editor responsible for this story: Jarrett Banks at jbanks15@bloomberg.net


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