TOKYO （Commodity Online）: Exports of rolled-aluminium products from Japan rises for yet again in the month of September posting a growth of 8.5% against the corresponding period last year.
A statement from the Japan Aluminium Association informed that the shipments of rolled-aluminum products from Japan expanded for the 10th straight month.
The country shipped 170,443 tonnes of the metal products for the period against 157,085 tonnes registered a year earlier.
However, the growth in the rise of exports has declined from 13% recorded for the month of August. The experts noted that the shipments to carmakers slowed because of an end to subsidy payments by the government to buyers of fuel-efficient models last month.
Japan’s largest aluminium consuming sector, Can manufacturers increased consumption by 20% to 33,913 tonnes as higher temperatures last month boosted consumption of beverages.
Meanwhile, the growth in demand from the auto industry slowed to 15% in September from 29% in August. In the month of August, vehicle sales in Japan was registered to be the most in past 38 years.
Japan’s output of rolled-aluminium products stood at 171,063 tonnes for the month of September, 2010, up 11.4% from August and 9.7% from the corresponding period last year.
The country has inventory of 50,517 tonnes in September down 6.4% from a year earlier and up marginally by 1.2% from that in August.
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