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Home / Metal News / Long steel inventory in Guangzhou shrinks after gains for three weeks

Long steel inventory in Guangzhou shrinks after gains for three weeks

Aug 30, 2018 11:24

Source:SMM

Social inventories in Guangzhou dipped 3.6%, or 24,100 mt, from a week ago to stand at 649,700 mt as of Thu Aug 30

SHANGHAI, Aug 30 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province dipped 3.6%, or 24,100 mt, from a week ago to stand at 649,700 mt as of Thursday August 30, SMM data showed. This follows three consecutive weeks of gains.

Inventories stood at 673,800 mt as of Thursday August 23.

Rebar inventories fell 10,900 mt, or 2.8%, on the week ended August 30 to 382,300 mt, stocks of wire rods decreased 13,200 mt or 4.7% to 267,400 mt.

Inventory data

Long steel

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Data from the China Iron and Steel Association (CISA) showed that long steel social inventories of five major varieties of long steel in 20 cities stood at 11.27 million mt in late October, down 890,000 mt or 7.3% from mid-October.

Nov 4, 2020 16:47

Analysis

Long steel social inventories fell 7.3% from mid-October to 11.27 million mt in late October

China copper inventory grew for four straight weeks

Copper inventories in three major consumption areas in China extended their increases last week, albeit at a slower pace.

Jul 27, 2020 11:23

Analysis

China copper inventory grew for four straight weeks

Zinc social inventories fell below 200,000 mt

Zinc inventories in China continued to fall this week, primarily propelled by a sharp decline in Shanghai where inflows were affected by heavy rain and floods while outflows were supported by dip-purchases by downstream consumers.

Jul 24, 2020 16:04

Analysis

Zinc social inventories fell below 200,000 mt

Shanghai bonded nickel stocks unchanged amid import losses

Inventories of refined nickel in the Shanghai bonded areas were unchanged from a week ago at 17,300 mt as of Friday July 24, showed SMM data.

Jul 24, 2020 15:11

Analysis

Shanghai bonded nickel stocks unchanged amid import losses

Aluminium billet inventories rose after two weeks of decline

Inventories of aluminium billet in China edged higher this week, following after two straight weeks of decline, as arrivals increased while shipments from warehouses shrank.

Jul 23, 2020 15:17

Analysis

Aluminium billet inventories rose after two weeks of decline

Aluminium billet inventories fell for the second straight week

Inventories of aluminium billet in China have declined for the second consecutive week as of July 16 as arrivals were limited and deliveries remained at high levels.

Jul 16, 2020 15:32

Analysis

Aluminium billet inventories fell for the second straight week

China iron ore port inventories rose as demand weakened on production curbs

SMM data showed that iron ore stocks across 35 Chinese ports increased 340,000 mt from June 24 to 100.66 million mt as of July 3, following a 980,000 mt rise in the previous week.

Jul 6, 2020 11:08

Analysis

China iron ore port inventories rose as demand weakened on production curbs

Shanghai bonded nickel stocks inched up 100 mt from last Wednesday

Inventories of refined nickel in the Shanghai bonded areas rose slightly this week as import profits struggled to improve.

Jul 3, 2020 15:51

Analysis

Shanghai bonded nickel stocks inched up 100 mt from last Wednesday

China copper inventory surged 37,300 mt, the 1st weekly increase since late March

Copper inventories in three major consumption areas in China rose sharply this week, as high prices subdued demand while inflows of imported cargoes increased.

Jul 3, 2020 13:39

Analysis

China copper inventory surged 37,300 mt, the 1st weekly increase since late March

Shanghai bonded copper stocks rose for 4th week

Stocks of copper in Shanghai bonded areas rose for a fourth straight week as of June 19, but the increase slowed from a week ago as the import window reopened.

Jun 19, 2020 14:16

Analysis

Shanghai bonded copper stocks rose for 4th week

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Long steel inventory in Guangzhou shrinks after gains for three weeks

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