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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

Snapshot: Yonggang, Zenith Steel cut contract volume further in mid-Apr

Yonggang planned to cut 45% of its rebar long-term contracts with domestic buyers during April 11-20, compared with a 30% cut during April 1-10, SMM learned.

Apr 9, 2018 16:51

Industry

Snapshot: Yonggang, Zenith Steel cut contract volume further in mid-Apr

China's steel PMI rises to 50.6 in Mar

China's steel purchasing managers' index (PMI) in March rose 1.1 from February and stood at 50.6, according to data from China Federation of Logistics & Purchasing

Apr 4, 2018 10:37

SMM Comments Analysis

Snapshot: Steel mills maintenance schedule

A roundup of maintenance schedule at steel mills compiled by SMM as of Tuesday March 20.

Mar 20, 2018 16:44

Industry Reminder

Snapshot: Steel mills maintenance schedule

Flash: Handan to suspend steel production during Mar 16-31

The city of Handan will close all blast furnaces at steel mills between March 16-31 to fight heavy air pollution.

Mar 14, 2018 15:48

Industry

Flash: Handan to suspend steel production during Mar 16-31

Heavy pollution to affect steel production in Hebei

Steel production in Hebei province will be affected as local plants face production cuts or shutdowns from March 10, SMM learned.

Mar 9, 2018 16:03

Industry

Heavy pollution to affect steel production in Hebei

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

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 (20th) SMM Copper Industry Conference and Expo