Hull steel inventory decline expanded

This week, China's main steel stock (including hull steel) was 20.68 million tons, down 979100 tons from last week and 510900 tons from the same period last month.

This Friday, the inventory of large varieties was 29.5814 million tons, a decrease of 1.2806 million tons compared with last week, a decrease of 1.3711 million tons compared with the same period last month, and a decrease of 9.2194 million tons compared with the same period last year.

From the actual performance of the current market, there are the following problems: first, although the mood is very good, the spot traders feedback that the shipping situation of hull steel is general; second, part of the early winter storage sources of steel plants have been cashed in profits, and the spot market resources are under great pressure; third, the downstream is afraid of the current price of hull steel, mainly purchasing on demand, and the willingness to take the initiative is not strong. Fourthly, traders also have some panic on the current hull steel price, and the speculative mood in the spot market is poor.

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