[SMM Hot Topic: Lecong Inventory Drops and Then Rises Again. When Will the High Inventory End?]

According to SMM data, last week's Lecong hot rolled coil inventory was 984,100 tons, up 26,100 tons or 2.72% from the previous week. Year-on-year growth in the Gregorian calendar was 32.90%, while year-on-year growth in the lunar calendar was 21.79%. After the Chinese New Year, Lecong entered an accelerated inventory accumulation cycle, breaking the 900,000 tonne barrier in March and remaining above this level for three and a half months. Some market participants even joked that "Lecong is locked down again." Let's take a look at what's happening with Lecong's inventory.....