SMM hot coil social inventory inventory: national social inventory decline narrowed slightly New Year's Day holiday will enter an accumulation cycle?

This week, SMM statistics show that the national 69 warehouses (large sample) hot coil social inventory is 3.06 million tons, a decrease of 77,000 tons from last week, a decrease of 2.35%, maintaining a downward trend for 12 consecutive weeks.

This week, the impact of maintenance on domestic steel mills has increased, and hot coil production has slightly decreased. On the demand side, recent coil prices have stopped falling and rebounded, and concerns about high-end demand are strong. Overall, this week's inventory decline has narrowed significantly. Looking at different regions, this week's inventories in South China, East China, and Northeast China continue to decline, while there is a slight accumulation in the Central and North China markets. Looking at the details:... In terms of regions, inventories in South China, East China, Northeast China, and the Central region have all decreased significantly, while the North China market has accumulated compared to the previous period. Looking at the details...