Slower operation at construction sites grows rebar stocks -Shanghai Metals Market

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Slower operation at construction sites grows rebar stocks 

Data Analysis 11:31:20AM Dec 28, 2018 Source:SMM

SHANGHAI, Dec 28 (SMM) – China's rebar inventories accumulated as construction sites slowed operation, for the week ended Thursday December 27. On a yearly basis, rebar stocks stood lower as downstream demand in the fourth quarter capped inventory growth. 

Overall inventories, including social and in-plant stocks, rose to 5.05 million mt as of Thursday December 27, up 3.8% on the week but down 8.1% on the year, showed SMM data. 

Both in-plant stocks and social inventories grew on a weekly basis. 

Inventories across steel mills stood at 1.91 million mt as of December 27, up 3% from a week ago but down 13.1% from a year ago. Social stocks rose 4.4% on the week but dipped 4.7% on the year to stand at 3.14 million mt as of Thursday December 27.

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%)

Slower operation at construction sites grows rebar stocks 

Data Analysis 11:31:20AM Dec 28, 2018 Source:SMM

SHANGHAI, Dec 28 (SMM) – China's rebar inventories accumulated as construction sites slowed operation, for the week ended Thursday December 27. On a yearly basis, rebar stocks stood lower as downstream demand in the fourth quarter capped inventory growth. 

Overall inventories, including social and in-plant stocks, rose to 5.05 million mt as of Thursday December 27, up 3.8% on the week but down 8.1% on the year, showed SMM data. 

Both in-plant stocks and social inventories grew on a weekly basis. 

Inventories across steel mills stood at 1.91 million mt as of December 27, up 3% from a week ago but down 13.1% from a year ago. Social stocks rose 4.4% on the week but dipped 4.7% on the year to stand at 3.14 million mt as of Thursday December 27.

Key Words:  Inventory data   Rebar