SMM Hot Rolled Coil Inventory Review: Terminal Purchases Remained Stab

Published: Jan 25, 2024 12:48

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SMM Hot Rolled Coil Inventory Review: Terminal Purchases Remained Stable, Slight Reduction in Inventory Levels

SMM's statistics show that the national inventory of hot rolled coils in 69 warehouses (large sample) was 3.26 million tons this week, a decrease of 0.44 million tons from last week, a decrease of 0.14%, with a slight reduction in inventory levels.

This week, influenced by the recent low-price fluctuations, terminal pre-holiday stockpiling and spot market demand both increased. As a result, inventory levels showed a slight reduction. In terms of regional distribution, except for the South China market, inventory in the East, North, and Central regions all saw a slight decrease this week. For more details...

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.

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