Building Materials Market Destocking Accelerates Amid Favorable Macro Conditions & Supply-Demand Optimism

Published: Sep 26, 2024 18:10

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SMM Building Materials Inventory: Macroscopically Favorable Conditions Accelerate Market De-stocking Suddenly" This week, the inventory in the building materials market continued to show a trend of destocking, with the total inventory of rebar decreasing on a week-on-week basis, and the decline expanded. On the supply side, raw material prices fell rapidly in the early stage, while the prices of finished products rebounded quickly, restoring steel mill profits and increasing production enthusiasm. Steel mills that had previously undergone maintenance work have successively resumed production, leading to a rebound in the supply of building materials. On the demand side, high temperatures gradually dissipated, coupled with the momentum of macro policies, market demand increased, and downstream procurement enthusiasm improved. Overall, the building materials market experienced further destocking, and the supply-demand dynamics continued to improve...

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