Shipments of aluminum products in Japan rose in May to 19.6% compared to the year ago level and reached 165.638 thousand. Tons. The reserves in the three main ports of the country in the end of May amounted to 204.800 thousand. Tons, which is 14,300 thousand. Tons or 7.5% more than in April.
The Japanese market has shown a tendency to strengthen relative to January-June of 2009, but the volume of supply is much less marked than before the global economic crisis in 2008
In comparison with April 2010, shipments decreased by 6.5%: this was the third decline in the past three months. What are the prospects of recovery is unclear, as demand from the construction remains weak. However, it is likely that the expected increase in imports to China will increase the supply of aluminum products from Japan.
According to the Japan Aluminum Association, demand for aluminum in China in 2020 is likely to grow to 43.6 million tons, almost tripling compared to the forecast in 2010 amount to 15.5 million tons. The consumption of aluminum in Japan is projected to 1.9 million tons in 2010 and 2.4 million tons in 2020