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Long steel social inventories in Guangzhou fell 9.5% on week
May 13,2020 14:13CST
data analysis
Source:SMM
Social inventories of long steel (including wire rods and rebar) in Guangzhou fell faster this week, decreasing 9.53% from a week ago to 1.76 million mt as of Wednesday May 13, larger than a decline of 5.17% in the previous week, showed SMM data.

SHANGHAI, May 13 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou fell faster this week, decreasing 9.53% from a week ago to 1.76 million mt as of Wednesday May 13, larger than a decline of 5.17% in the previous week, showed SMM data.

 

The stocks were 32.76% higher than the same period after the Lunar New Year holiday last year.

 

Rebar accounted for 1.24 million mt, down 8.05% from a week ago but up 33.47% from a lunar year ago.

 

The rest 522,100 mt is wire rods, down 12.84% week on week but 31.08% higher than the same period after the Lunar New Year the year before.

Inventory data
Long steel
Rebar
Wire rods

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