China's rebar inventory drops after two weeks of increase-Shanghai Metals Market

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China's rebar inventory drops after two weeks of increase

Data Analysis 03:21:42PM Jul 05, 2018 Source:SMM

SHANGHAI, Jul 5 (SMM) – Both social and in-plant inventories of rebar across China fell on the week ended Thursday July 5, following two straight weeks of increase. 

Social inventories stood at 4.76 million mt as of July 5, down 1.6% from a week ago but up 18.1% from a year ago. Stocks across steel mills registered 2.07 million mt as of July 5, down 2.3% from a week earlier and down 19.1% from last year.

This brought overall inventories, including social and in-plant stocks, lower to 6.83 million mt as of Thursday, down 1.8% week on week but up 3.7% year on year, SMM data showed.

 

Key Words:  Inventory data   Rebar 

Price

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62% Fe Fines (Qingdao Port): IOPI62
Apr.19
669.0
0.0
(0.00%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Apr.19
92.0
-0.2
(-0.20%)
58% Fe Fines (Qingdao Port): IOPI58
Apr.19
601.0
0.0
(0.00%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Apr.19
82.2
-0.2
(-0.19%)
65% Fe Fines (Qingdao Port): IOPI65
Apr.19
777.0
3.0
(0.39%)

China's rebar inventory drops after two weeks of increase

Data Analysis 03:21:42PM Jul 05, 2018 Source:SMM

SHANGHAI, Jul 5 (SMM) – Both social and in-plant inventories of rebar across China fell on the week ended Thursday July 5, following two straight weeks of increase. 

Social inventories stood at 4.76 million mt as of July 5, down 1.6% from a week ago but up 18.1% from a year ago. Stocks across steel mills registered 2.07 million mt as of July 5, down 2.3% from a week earlier and down 19.1% from last year.

This brought overall inventories, including social and in-plant stocks, lower to 6.83 million mt as of Thursday, down 1.8% week on week but up 3.7% year on year, SMM data showed.

 

Key Words:  Inventory data   Rebar