[analysis of Building Materials] in February, the amount of northern materials going south greatly reduced the growth rate of inventory in the south or gradually slowed down.

With the arrival of a large number of northern timber, the inventory difference between the north and the south has become more prominent, and the mentality of the northern steel mills has begun to change. in February, the amount of northern timber coming down from the south has been greatly reduced, as shown in the figure below.

Overall, a sharp reduction in the southbound volume of northern timber in February is relatively positive for the southern market, which is already under inventory pressure. with the gradual reduction in the arrival of northern timber, the growth rate of inventory in the south may gradually slow down, and the market may still have the opportunity to rise driven by demand.

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