【SMM Analysis: High Inventories in Ningbo, Strong Expectations of Down

Published: Jun 18, 2024 10:02

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【SMM Analysis: High Inventories in Ningbo, Strong Expectations of Downstream Market】Last week, the large-diameter hot-rolled coil inventory of SMM Ningbo was 420,500 tons (as of June 12), with a rise of 5,500 tons from the previous week. Since mid-May, the hot-rolled coil inventory in Ningbo has entered the stage of accumulation, and now it has exceeded 400,000 tons, which is high compared with the same period last year.

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