Long steel inventory in Guangzhou down faster on the week-Shanghai Metals Market

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Long steel inventory in Guangzhou down faster on the week

Data Analysis 01:30:21PM Jul 05, 2018 Source:SMM

SHANGHAI, Jul 5 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province shrank 114,800 mt from a week ago to stand at 892,300 mt as of Thursday July 5, SMM data showed.

This marked the second consecutive week of decline, which was bigger from previous week's drop of 81,800 mt. 

Rebar inventories fell 102,900 mt on the week to 640,600 mt and stocks of wire rods dropped 11,900 mt to 251,700 mt.

 

Key Words:  Inventory data   Long steel 

Price

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62% Fe Fines (Qingdao Port): IOPI62
Apr.22
685.0
16.0
(2.39%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Apr.22
94.3
2.3
(2.51%)
58% Fe Fines (Qingdao Port): IOPI58
Apr.22
603.0
2.0
(0.33%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Apr.22
82.5
0.3
(0.36%)
65% Fe Fines (Qingdao Port): IOPI65
Apr.22
794.0
17.0
(2.19%)

Long steel inventory in Guangzhou down faster on the week

Data Analysis 01:30:21PM Jul 05, 2018 Source:SMM

SHANGHAI, Jul 5 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province shrank 114,800 mt from a week ago to stand at 892,300 mt as of Thursday July 5, SMM data showed.

This marked the second consecutive week of decline, which was bigger from previous week's drop of 81,800 mt. 

Rebar inventories fell 102,900 mt on the week to 640,600 mt and stocks of wire rods dropped 11,900 mt to 251,700 mt.

 

Key Words:  Inventory data   Long steel