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Home / Metal News / Why Surging Rebar Price Fails to Undermine Buying Appetite? SMM Reports

Why Surging Rebar Price Fails to Undermine Buying Appetite? SMM Reports

Aug 7, 2017 15:11

Source:SMM

Rebar prices surged in both spot and futures markets on August 7.

SHANGHAI, Aug. 7 (SMM) – Rebar prices surged in both spot and futures markets on August 7.

SMM Interpretation of China Crazy Steel Rise Following CISA Meeting

Spot prices rose over 100 yuan per tonne, and RB1710 rebar surged by daily limit in the afternoon.

Shandong Laigang to Undertake Near 4-Month Maintenance at Blast Furnace in September, SMM Reports

Despite this, trading was not affected at all, SMM said.

Higher Profit Stimulates Hot-Rolled Coil Production, China Deepens “Ditiao Steel” Elimination Inspections

Some traders held off selling at the weekend in the face of big price volatility. Although prices jumped on Monday, some downstream buyers fear that prices will continue rising. Meanwhile, they actually need to build stocks. So, trading was still boosted, SMM explained.

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SMM has done a thorough research regarding post-CNY (Chinese New Year) copper cathode supply and demand pattern as well as the potential changes of inventory, which, we assume, must be the key concern of the market participants. The result of the research comes as follows:

Jan 28, 2022 19:10

SMM Insight

SMM Exclusive: Analysis and Outlook of China Metals Market Post the CNY

China Rebar Inventory Shrank 261,800 mt on Week

The inventory of rebar across Chinese steel makers and social warehouses stood at 7.64 million mt as of November 11, down 261,800 mt or 3.3% from a week earlier. Stocks are 90,900 mt or 1.2% higher from a year earlier.

Nov 12, 2021 14:13

Analysis

China Rebar Inventory Shrank 261,800 mt on Week

China Rebar Inventory Shrank 36,400 mt on Week

The inventory of rebar across Chinese steel makers and social warehouses stood at 7.9 million mt as of November 4, down 36,400 mt or 0.5% from a week earlier. Stocks are down 569,700 mt or 6.7% from a year earlier.

Nov 5, 2021 11:00

Analysis

China Rebar Inventory Shrank 36,400 mt on Week

Long steel inventories in Guangzhou continue decline

Social inventories of long steel in Guangzhou, Guangdong province shrank 8.6% from a week ago

Jun 14, 2018 11:59

Analysis

Long steel inventories in Guangzhou continue decline

Rebar in-plant inventory sees smaller decline from a week ago

Overall rebar inventories in China dropped 6.1% from a week ago as of Thursday May 10, marking the eight consecutive weeks of decline, SMM data showed.

May 10, 2018 15:26

SMM Comments

Rebar in-plant inventory sees smaller decline from a week ago

Tangshan plans staggered steel production during non-heating season

The city of Tangshan has issued a staggered steel production plan for the non-heating season this year in a bid to continue its clean air efforts, SMM learned.

Feb 23, 2018 15:37

Industry

Tangshan plans staggered steel production during non-heating season

Flash: Hebei has no plans to extend winter cuts

The government of Hebei province said it has no plans to extend the winter production cut policy for another two months, SMM learned.

Feb 1, 2018 17:24

Industry

Flash: Hebei has no plans to extend winter cuts

Custeel: Steel price especially rebar price to move up

Up to now, China’s de-capacity policy has eliminated 225 million tons steel capacity, according to Custeel at its annual meeting.

Dec 8, 2017 10:44

SMM Comments Reminder

Custeel: Steel price especially rebar price to move up

Rebar and Wire Rod Inventories Grow Remarkably in Guangzhou, SMM Reports

Rebar and wire rod inventories increased further at major warehouses in Guangzhou this week, SMM finds.

Sep 14, 2017 10:53

SMM Insight

Rebar and Wire Rod Inventories Grow Remarkably in Guangzhou, SMM Reports

Shandong Laigang to Conduct 4-Month Maintenance at Hot-Rolled Coil Line, SMM Reports

Shandong Laigang plans to undertake maintenance at one hot-rolled coil line starting September 28, which will last for 4 months, SMM understands.

Sep 4, 2017 20:35

SMM Insight

Shandong Laigang to Conduct 4-Month Maintenance at Hot-Rolled Coil Line, SMM Reports

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Why Surging Rebar Price Fails to Undermine Buying Appetite? SMM Reports

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2024 SMM Middle East Secondary Metal Field Trip

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