HRC social inventories decline 2% on week-Shanghai Metals Market

Hot Keywords

  • Rare earth
  • Aluminium
  • Sales data
  • Customs data
  • Macroeconomics
  • Copper
  • Inventory data
  • MMi Iron Ore Port Index
  • precious metals
  • Futures movement
  • Zinc
  • Rare earths
  • Market commentary
  • Evening comments
  • Tin

HRC social inventories decline 2% on week

Data Analysis 03:17:29PM Sep 12, 2019 Source:SMM

SHANGHAI, Sep 12 (SMM) – Social inventories of hot-rolled coil (HRC) in China fell this week for a fifth week in a row, losing 2% from a week earlier to stand at 2.32 million mt as of Thursday September 12, showed SMM data.

Social stocks rose 8.4% from a year ago.

HRC inventories across steelmakers also fell this week, decreasing by 5% to 962,000 million mt, standing 5.1% lower than the same period last year.

Overall HRC stocks across social and in-plant warehouses in China came in at 3.29 million mt as of September 12, down 2.9% from a week ago but up 4.1% from a year ago.

Key Words:  Inventory data  Hot-rolled coil  HRC  Steel 

HRC social inventories decline 2% on week

Data Analysis 03:17:29PM Sep 12, 2019 Source:SMM

SHANGHAI, Sep 12 (SMM) – Social inventories of hot-rolled coil (HRC) in China fell this week for a fifth week in a row, losing 2% from a week earlier to stand at 2.32 million mt as of Thursday September 12, showed SMM data.

Social stocks rose 8.4% from a year ago.

HRC inventories across steelmakers also fell this week, decreasing by 5% to 962,000 million mt, standing 5.1% lower than the same period last year.

Overall HRC stocks across social and in-plant warehouses in China came in at 3.29 million mt as of September 12, down 2.9% from a week ago but up 4.1% from a year ago.

Key Words:  Inventory data  Hot-rolled coil  HRC  Steel