Long steel social inventories in Guangzhou fall for 10 weeks-Shanghai Metals Market

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Long steel social inventories in Guangzhou fall for 10 weeks

Data Analysis 02:46:04PM May 29, 2019 Source:SMM

SHANGHAI, May 29 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province, shrank 3.91% from a week ago to stand at 1.27 million mt as of Wednesday May 29, after they dipped 7.15% in the previous week, SMM data showed. 

This is the tenth consecutive week of decline. On a yearly basis, stocks decreased by 3.18% as of May 29, after a drop of 2% on last Wednesday

As of Wednesday May 29, stocks of wire rods lost 5.8% on the week to 375,300 mt, standing 11.56% lower from a year ago.

Inventories of rebar dropped 3.1% to stand at 899,000 mt, down 0.05% year on year.

Key Words:  Inventory data  Rebar  Wire rods 

Long steel social inventories in Guangzhou fall for 10 weeks

Data Analysis 02:46:04PM May 29, 2019 Source:SMM

SHANGHAI, May 29 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province, shrank 3.91% from a week ago to stand at 1.27 million mt as of Wednesday May 29, after they dipped 7.15% in the previous week, SMM data showed. 

This is the tenth consecutive week of decline. On a yearly basis, stocks decreased by 3.18% as of May 29, after a drop of 2% on last Wednesday

As of Wednesday May 29, stocks of wire rods lost 5.8% on the week to 375,300 mt, standing 11.56% lower from a year ago.

Inventories of rebar dropped 3.1% to stand at 899,000 mt, down 0.05% year on year.

Key Words:  Inventory data  Rebar  Wire rods