SMM Analysis: Futures Decline, Ningbo HRC Inventory Drops by 36,000 mt WoW Before Holiday

Published: Jan 3, 2025 17:50
[SMM Analysis: Futures Pulled Back, Ningbo HRC Continued Destocking Before the Holiday] According to the SMM survey, this week, SMM Ningbo HRC large-scale inventory stood at 210,500 mt (as of January 2), down 36,000 mt WoW.

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 for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
[SMM Analysis: Futures Pulled Back, Ningbo HRC Continued Destocking Be - Shanghai Metals Market (SMM)