SMM Iron and Steel Morning News: Period Rolled Down 4000, Trading Atmosphere Cooled Again.

In terms of inventory, according to SMM research, the total inventory of rebar this week is 5.5195 million tons, an increase of 290,300 tons from last week, a month-on-month increase of 5.55% (previous value +4.56%). Inventory pressure in multiple regions has increased, and fundamental contradictions have accumulated faster; on the demand side, the afternoon market plummeted, and the trading atmosphere cooled again. Throughout the day, trading performance was weak, with terminal purchases mainly on demand and speculative demand relatively weak.