Long steel social inventories in Guangzhou expand increase on week-Shanghai Metals Market

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Long steel social inventories in Guangzhou expand increase on week

Data Analysis 02:17:48PM Dec 13, 2018 Source:SMM

SHANGHAI, Dec 13 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province extended their increase by 10.48%, for the week ended Thursday December 13 after they gained 2.37% a week ago, SMM data showed.

Stocks accumulated 56,200 mt, or 10.48%, from last Thursday to stand at 592,600 mt on December 13. Stocks of both rebar and wire rods expanded on the week. 

Rebar inventories in Guangzhou registered a buildup of 35,100 mt, or 12.4%, from a week ago to 318,300 mt, and wire rods stocks grew 21,100 mt, or 8.3%, to stand at 274,300 mt. 

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 social inventories in Guangzhou expand increase on week

Data Analysis 02:17:48PM Dec 13, 2018 Source:SMM

SHANGHAI, Dec 13 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province extended their increase by 10.48%, for the week ended Thursday December 13 after they gained 2.37% a week ago, SMM data showed.

Stocks accumulated 56,200 mt, or 10.48%, from last Thursday to stand at 592,600 mt on December 13. Stocks of both rebar and wire rods expanded on the week. 

Rebar inventories in Guangzhou registered a buildup of 35,100 mt, or 12.4%, from a week ago to 318,300 mt, and wire rods stocks grew 21,100 mt, or 8.3%, to stand at 274,300 mt.