Decline in Arrivals Drives Building Materials Large-Sample Social Inventory from Increase to Decrease

Published: Jun 18, 2026 11:33
Building Materials Social Inventory: According to SMM survey, the total social inventory of building materials turned from increase to decrease this period. As of June 18, 2026, SMM building materials social inventory stood at 5.2493 million mt, down 79,300 mt WoW, a decline of 1.49%.
Building Materials Social Inventory: According to SMM survey, the total social inventory of building materials turned from increase to decrease this period. As of June 18, 2026, SMM building materials social inventory stood at 5.2493 million mt, down 79,300 mt WoW, a decline of 1.49%. This was mainly due to reduced arrivals in most regions during the survey period, driving slight destocking of social inventory.
Regional Social Inventory: By region, inventory performance varied slightly this period. Among them, inventory decreases were concentrated in east China, mainly due to increased outbound shipments of steel mill resources, which reduced arrivals in local markets and caused rapid destocking; in south China, continuous rainfall weakened market demand, with poor shipments leading to continued inventory buildup; in northern regions, most areas saw increased resource arrivals and still built up inventory, while only in Beijing, a higher proportion of direct supply from steel mills led to fewer arrivals in social inventory, causing a slight destocking, but the pace of destocking slowed down compared to the previous period.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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Decline in Arrivals Drives Building Materials Large-Sample Social Inventory from Increase to Decrease - Shanghai Metals Market (SMM)