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Home / Metal News / Long steel social inventories in Guangzhou fell for 4 weeks

Long steel social inventories in Guangzhou fell for 4 weeks

Nov 20, 2019 15:39

Source:SMM

Stocks decreased 12.96% from a week ago to 535,500 mt as of Nov 20

SHANGHAI, Nov 20 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou of Guangdong province fell for a fourth straight week, decreasing 12.96% from a week ago to 535,500 mt as of Wednesday November 20, SMM data showed.

Stocks were 0.68% higher than a year earlier.

This week, rebar inventories in Guangzhou shrank 6.65% to 301,700 mt, 8.41% higher than a year ago.

Stocks of wire rods fell 19.93% to 233,800 mt, with a year-on-year decrease of 7.8%.

Inventory data

Long steel

Rebar

Wire rods

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Social inventories of long steel (including wire rods and rebar) in Guangzhou decreased 140,800 mt or 10.24% in the week ended April 26 to 752,400 mt, showed SMM data. Stocks were 24.75% lower than the same period last year.

May 27, 2021 09:55

Analysis

Long steel social inventories in Guangzhou fell 140,800 mt on week

China steel rebar inventory down 4.5% on week

Inventories of rebar across Chinese steelmakers and social warehouses stood at 10.61 million mt as of May 20, down 4.5% from a week ago. Stocks are down 2.2% from a year earlier.

May 21, 2021 10:41

Analysis

China steel rebar inventory down 4.5% on week

Long steel social inventories in Guangzhou fell 114,700 mt on week

Social inventories of long steel (including wire rods and rebar) in Guangzhou decreased 114,700 mt, in the week ended April 7 to 1.91 million mt, showed SMM data. Stocks were 336,100 mt lower than the same period last year.

Apr 7, 2021 17:08

Analysis

Long steel social inventories in Guangzhou fell 114,700 mt on week

China steel rebar inventory down 4.51% on week

Inventories of rebar across Chinese steelmakers and social warehouses stood at 16.53 million mt as of March 25, down 4.51% from a week ago. From the time dimension of the lunar calendar, stocks are down 23% from a year earlier.

Mar 26, 2021 11:14

Analysis

China steel rebar inventory down 4.51% on week

Long steel social inventories in Guangzhou fell 6.28% on week

Social inventories of long steel (including wire rods and rebar) in Guangzhou decreased 6.28%, or 141,200 mt, in the week ended March 24 to 2.11 million mt, showed SMM data. Stocks were 13.87% lower than the same period last year.

Mar 24, 2021 15:17

Analysis

Long steel social inventories in Guangzhou fell 6.28% on week

Long steel social inventories in Guangzhou rose 5.57% on week

Social inventories of long steel (including wire rods and rebar) in Guangzhou increased 5.57%, or 123,500 mt, in the week ended March 3 to 2.34 million mt, showed SMM data. Stocks were 0.22% lower than the same period last year.

Mar 4, 2021 09:52

Analysis

Long steel social inventories in Guangzhou rose 5.57% on week

Long steel social inventories in Guangzhou fell 10.5% on week

Social inventories of long steel (including wire rods and rebar) in Guangzhou decreased 10.5%, or 111,900 mt, in the week ended December 2 to 956,900 mt, showed SMM data. Stocks were 49.1% higher than the same period last year.

Dec 3, 2020 09:15

Analysis

Long steel social inventories in Guangzhou fell 10.5% on week

Long steel social inventories in Guangzhou fell moderately due to improved demand on week

Social inventories of long steel (including wire rods and rebar) in Guangzhou decreased 4.4%, or 54,700 mt, in the week ended November 11 to 1.19 million mt, showed SMM data. Stocks were 93.2% higher than the same period last year.

Nov 11, 2020 14:51

Analysis

Long steel social inventories in Guangzhou fell moderately due to improved demand on week

CISA: Steel products inventories in China accelerated decline in mid-June

Social inventories of five types of steel products in 20 cities in China continued their downward trend in mid-June, at a faster pace, following after a peak level in early March, according to a survey by China Iron and Steel Association (CISA).

Jun 24, 2020 10:56

Analysis

CISA: Steel products inventories in China accelerated decline in mid-June

Long steel social inventories in Guangzhou fell 1.42% on week

Social inventories of long steel (including wire rods and rebar) in Guangzhou decreased 1.42%, or 21,700 mt, in the week ended June 17.

Jun 17, 2020 15:51

Analysis

Long steel social inventories in Guangzhou fell 1.42% on week

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Long steel social inventories in Guangzhou fell for 4 weeks

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