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Home / Metal News / Long steel social inventories in Guangzhou rose after 4-week decline

Long steel social inventories in Guangzhou rose after 4-week decline

Dec 4, 2019 14:55

Source:SMM

Stocks were 16.69% higher than a year earlier as of Dec 4

SHANGHAI, Dec 4 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou of Guangdong province ended four consecutive weeks of decline and rose 19.31% from a week ago to 625,900 mt as of Wednesday December 4, SMM data showed.

Stocks were 16.69% higher than a year earlier.

This week, rebar inventories in Guangzhou rebounded 29.81% to 417,600 mt, 47.46% higher than a year ago.

Stocks of wire rods climbed 2.66% to 208,300 mt, but remained 17.7% lower year on year.

Inventory data

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 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

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 shrank 6.8% on week

Social inventories of long steel (including wire rods and rebar) in Guangzhou posted slower declines this week, decreasing 6.83%, or 120,200 mt, from a week ago to 1.64 million mt as of Wednesday May 20, smaller than a drop of 9.53% in the previous week, showed SMM data.

May 20, 2020 15:39

Analysis

Long steel social inventories in Guangzhou shrank 6.8% on week

Scheduled rebar production roughly flat in April as maintenance offsets output increase

Planned output of construction steel rebar across China’s major blast furnace steelmakers in April stood roughly flat from the actual production in March, as the impact of maintenance may offset the increase in output driven by higher profits.

Apr 13, 2020 14:41

Analysis

Scheduled rebar production roughly flat in April as maintenance offsets output increase

Demand further buoys spot rebar prices, trades

Consumers stepped up buying on concerns about lower supplies; sentiment was little affected by construction halt in Zhengzhou

Sep 11, 2019 11:13

SMM Comments

Demand further buoys spot rebar prices, trades

Lower supply slows growth in China's rebar inventories

Speculative buying waned as the re-escalation in US-China trade conflict grew market concerns

Aug 9, 2019 11:00

Analysis

Lower supply slows growth in China's rebar inventories

Eased production curbs in Tangshan buoy scheduled rebar output for Aug

Aug planned output across 31 major producers of long steel in China is expected to climb 0.78% from the actual output in Jul

Aug 8, 2019 11:12

Analysis Industry SMM Insight

Eased production curbs in Tangshan buoy scheduled rebar output for Aug

Long steel social inventories in Guangzhou fall for 2 weeks

Stocks decreased by 6.83% from a week ago to stand at 980,100 mt as of Jul 31

Jul 31, 2019 11:46

Analysis

Long steel social inventories in Guangzhou fall for 2 weeks

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Long steel social inventories in Guangzhou rose after 4-week decline

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