China HRC Stocks up 9.11% on Week

Published: Jan 12, 2023 17:57

Save

The total inventory of HRC across social warehouses and steel makers in China stood at 2.99 million mt as of January 12, up 249,700 mt or 9.11% from a week ago, a gain of 0.54% on the year.

SHANGHAI, Jan 12 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 2.99 million mt as of January 12, up 249,700 mt or 9.11% from a week ago, a gain of 0.54% on the year.

The inventory across social warehouses was 2.04 million mt, up 242,500 mt or 13.53% from the previous week, a drop of 4.19% on the year.

The in-plant inventory of steel makers totalled 955,000 mt, up 7,200 mt or 0.76% on the week, and a gain of 12.38% on the year.

Inventory

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

[SMM Daily HRC Trading] Spot Trading Fluctuated Rangebound

[SMM Daily HRC Trading] On March 16, the total daily HRC trading volume of sample enterprises in four SMM cities (Shanghai, Lecong, Tianjin, and Ningbo) was 15,390 mt, down 520 mt day on day, or 3.3%, up 19.95% YoY on a calendar basis and up 20.61% YoY on a lunar-calendar basis.

1 min ago

23 mins ago

[China Iron Ore Brief Review] Iron Ore Prices in Shandong May Have Some Upside Room

[China Iron Ore Brief Review: Iron Ore Concentrate Prices in Shandong May Have Some Upside Potential] In Shandong, 64-grade iron ore concentrates at mines and beneficiation plants were quoted at 882 yuan on a dry basis, before tax, with acceptance upon shipment from the mine. Most mines and beneficiation plants maintained normal production, and some mines showed reluctance to sell. Steel mills continued to purchase under long-term contracts and mainly operated with low inventory. Overall transactions were moderate. In the near term, steel mills in Hebei will gradually resume normal production, and some local iron ore concentrate resources will flow to Hebei. Overall local iron ore concentrate supply remains relatively tight, providing support for prices.

23 mins ago

27 mins ago

MMi Daily Iron Ore Report (March 16)

Today， DCE iron ore futures first fell and then rebounded today. The most-traded contract I2605 eventually closed at 809 yuan/mt, down 0.74% from the previous trading session.

27 mins ago