[SMM Guangzhou Construction Materials Inventory] Supply and Demand Both Weak, Market Inventory Edged Down

[Molybdenum News Flash] SMM May 14: A steel mill in Liaoning priced its ferromolybdenum tender at 324,000 yuan/mt on May 14, payment by bank acceptance. A steel mill in Hebei's ferromolybdenum tender on May 13 ultimately failed.

[Molybdenum Flash] SMM May 14: On May 14, a mine in Jiangxi sold 128 mt of molybdenum concentrates with a grade of 45%-50% (average copper 1.72%, average phosphorus 0.077%). The auction transaction price was 5,230 yuan/mtu, with a reserve price of 5,230 yuan/mtu, settled at 35% cash and 65% bank acceptance.

Social inventory of HRC stood at 2.9862 million mt this week, down 98,400 mt from the previous week (-3.19% WoW, +42.51% YoY, +30.06% YoY on a lunar calendar basis). Mill inventory of HRC stood at 979,900 mt this week, down 4,900 mt from the previous week (-0.50% WoW, -7.13% YoY, -11.68% YoY on a lunar calendar basis). Total HRC inventory stood at 3.9661 million mt this week, down 103,300 mt from the previous week (-2.54% WoW, +25.89% YoY, +16.46% YoY on a lunar calendar basis).