Aluminum Industry News, January 22, 2019

- Jan 22, 2019-

1. [At the end of December, aluminum stocks in Japanese ports totaled 316,800 tons.] As of the end of December 2018, the aluminum stocks in Japanese ports were as follows: 150,700 tons of Yokohama port, 151,100 tons of Nagoya port, and 15,000 tons of Osaka port, totaling 316,800 tons. It increased by 74,900 tons year-on-year, an increase of 21,400 tons from the end of November.

2. [South Korea's aluminum market will show a downward trend in 2019] Due to the global economic downturn and Sino-US trade friction, the Korea Nonferrous Metals Association predicts that the demand for aluminum ingots will decline in 2019, especially in automotive wheels and precision machinery. In the industry sector, demand will also see a significant decline. In terms of finished products, the Korean aluminum sheet market has experienced a sharp upswing since the second half of 2018, and it is expected that it will be difficult to get rid of the sluggish situation by 2019.