Japan Aluminum Shipments Drop With Auto, Electronics DemandAya Takada and Yasumasa Song
Shipments of rolled-aluminum products by Japanese fabricators to domestic and overseas markets fell 8.7 percent in January, the third monthly decline, as demand weakened from automobile and electronics makers.
Volume dropped to 142,790 metric tons from 156,455 tons a year earlier, the Japan Aluminium Association said in a report.
Shipments to the auto industry slumped by 14 percent as vehicle sales in Japan declined after the government ended subsidy payments to buyers of fuel-efficient models last year, according to the association. Members of the association include Furukawa-Sky Aluminum Corp., Kobe Steel Ltd. and Nippon Light Metal Co.
Details of output, shipments and inventories are as follows:
================================================================ Jan 2013 Month/Month Year/Year ================================================================ (%) (%) OUTPUT 138,719 -10.2 -8.4 Flat-rolled 77,628 -14.1 -4.3 Extruded 61,091 -4.6 -13.2 SHIPMENTS 142,790 -6.4 -8.7 Flat-rolled 80,946 -8.7 -4.5 Extruded 61,844 -3.2 -13.8 INVENTORY 54,729 -6.2 -0.3 Flat-rolled 43,677 -7.2 +4.1 Extruded 11,052 -1.8 -14.7 ================================================================
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