中文
Inventory of five major steel products in China's 21 cities continued to fall with an expanding decline rate in late-November (November 21-30), down 2.3% or 0.18 million tonnes from early November to 7.55 million tonnes, according to data from the China Iron and Steel Association (CISA).
The volume was 2.2% or 0.16 million tonnes higher than the year-ago level, data showed.
In late-November, southern China saw stocks decrease 0.10 million tonnes or 5.0% from ten days ago, marking the largest reduction among other regions. Central China registered a 70,000 tonnes or 8.0% fall in stocks, posting the steepest decline rate among other regions.
Steel stocks in southwestern China decreased 60,000 tonnes or 5.3% compared to the previous ten days. Northwestern and eastern China both saw stocks drop 10,000 tonnes or 2.1% and 0.5% respectively from ten days ago, according to CISA.
Stocks in northern China rose 60,000 tonnes or 8.0% from ten days ago, marking the largest and steepest increase among other regions. In northeastern China, the inventory increased 10,000 tonnes or 2.9% from the preceding session.
Stocks of hot-rolled coil came in at 1.70 million tonnes, falling at an expanding decline rate at 4.5% from ten days ago, and that of cold-rolled coil was 1.06 million tonnes, edging down 0.9% from the previous ten days, data showed.
Medium-thick plate stocks stood at 1.05 million tonnes, down 3.7% from ten days ago, and wire stocks descended 3.6% to 0.81 million tonnes.
The CISA data also showed rebar stocks stood at 2.93 million tonnes during the session ending on November 30, falling 0.7% from ten days ago.
(Writing by yan.sun Editing by Emma Yang)
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