Long steel inventory in Guangzhou dips slower on the week-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Market commentary
  • Aluminium
  • Futures movement
  • Inventory data
  • Copper
  • Lead
  • Macroeconomics
  • Evening comments
  • Li-Ion Battery Cathode Material
  • MMi Iron Ore Port Index
  • Morning comments
  • Customs data
  • Silicon
  • scrap copper

Long steel inventory in Guangzhou dips slower on the week

Data Analysis 12:35:54PM Jul 19, 2018 Source:SMM

SHANGHAI, Jul 19 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province shrank 73,600 mt from a week ago to stand at 726,300 mt as of Thursday July 19, SMM data showed.

This marked the fourth consecutive week of decline, but at a slower pace than last week's drop of 92,400 mt.  

Rebar inventories fell 78,200 mt on the week to 507,600 mt and stocks of wire rods rebounded 4,600 mt to 218,700 mt.

 

Key Words:  Inventory data   Long steel 

Price

more
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 dips slower on the week

Data Analysis 12:35:54PM Jul 19, 2018 Source:SMM

SHANGHAI, Jul 19 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province shrank 73,600 mt from a week ago to stand at 726,300 mt as of Thursday July 19, SMM data showed.

This marked the fourth consecutive week of decline, but at a slower pace than last week's drop of 92,400 mt.  

Rebar inventories fell 78,200 mt on the week to 507,600 mt and stocks of wire rods rebounded 4,600 mt to 218,700 mt.

 

Key Words:  Inventory data   Long steel