Inventories continue to fall, expected to push up steel pric

In this period, the price of construction steel in markets across the country continued to rise: among them, the Northeast, Northwest, and North China steel mills led the market to rise in time; the sentiment in East China, Central China, South China, and Southwest China heated up, with large increases in some parts. The steel index rose this week, and the cost index rose. The two are similar in magnitude, indicating that the profit margin of steel mills is maintained; this week, rebar futures rose sharply, driving the spot market out of hesitation.

 

According to the information inventory monitoring data, as of September 2, the total rebar inventory of the Shanghai stock market was 471,200 tons, a decrease of 47,000 tons from last week, a decrease of 9.07%. Inventories in Shanghai have fallen for two consecutive weeks, a decrease from the previous month. Expansion; the current inventory compared with the same period last year (447,000 tons on September 3) increased by 24,200 tons, an increase of 5.41%. The inventory decline this week was mainly due to the lack of arrivals from surrounding steel mills and the increase in terminal shipments.

 

　　In this issue, the Shanghai stock market line spiral week terminal purchase volume monitored by the information was 18,200 tons, an increase of 9.64% from last week; the terminal purchase volume increased steadily this week, mainly because the demand for construction sites is improving and the price rises to speed up the replenishment process. Judging from historical data, the terminal purchase volume in this period has not increased significantly, and it is expected that there will be room for growth in the later period.