News summary
On May 24, 2024, the national steel inventory index continued to decrease, down 3.3 percent from last weekfishgameonlinerealmoney.82%, of which the weekly decline rate of building materials inventory slowed down by 0fishgameonlinerealmoney88 percentage points, and the decline in plate stocks accelerated by 0.64 percentage points, revealing market demand and supply chain dynamics.
Newsletter text
[National steel inventories have dropped for 11 consecutive weeks] Since the beginning of this year,fishgameonlinerealmoneymy country's steel inventory level has continued to decrease for 11 weeks. According to the latest monitoring data released by Lange Steel Network, as of May 24, 2024, the national steel social inventory index dropped to 127.4 points, a month-on-month decrease of 3.82% compared with last week, and the rate of decline slowed slightly compared with last week.fishgameonlinerealmoney0.28 percentage points. Compared with the same period last year, it fell by 0.69%. [The decline rate of building materials inventory is slowing down and the decline rate of plate inventory is accelerating] Especially in the two major areas of building materials and plates, inventory changes show different trends. The building materials inventory index was 147.8 points, a month-on-month decrease of 6.08%, and the rate of decline slowed down 0.88 percentage points from last week. The plate inventory index was 111.0 points, a month-on-month decrease of 1.28%, and the rate of decline accelerated by 0.64 percentage points. [The decline rate of coil inventory has slowed down, and the decline rate of hot rolled coil inventory has accelerated] Further observing the inventory situation of different steel varieties, the social inventory of coil and coil was 739,800 tons, a month-on-month decrease of 1.11%, and the decline rate was significantly slower than last week. 5.95 percentage points. At the same time, rebar inventories were 5.3384 million tons, a month-on-month decrease of 6.73%, and the slowdown slowed down by 0.22 percentage points. In contrast, the inventory of hot rolled coil plates was 2.8508 million tons, a month-on-month decrease of 1.29%, and the slowdown accelerated by 0.23 percentage points. [Cold rolled inventories turned from decline to rise, medium and thick plates stocks slowed down at an accelerated pace] In addition, social inventories of cold rolled coils were 1.4874 million tons, an increase of 1.48% month-on-month. Compared with last week, they turned from decline to increase, a month-on-month increase of 3.27%. The social inventory of medium and heavy plates was 1.3214 million tons, a month-on-month decrease of 0.32%, and the rate of decline accelerated by 3.86 percentage points. Lange Steel Network emphasized that this content is original and cannot be forwarded without authorization. If necessary, please contact Lange Steel Network for authorization.