中文
Inventory of five major steel products in China's 21 cities rebounded slightly in late December (December 21-31) after a sequential decline since early October, up 1.4% or 0.1 million tonnes from mid-December to 7.29 million tonnes, according to data from the China Iron and Steel Association (CISA).
The volume was 3.4% or 0.26 million tonnes lower than the month-ago level, data showed.
In late December, northern China saw stocks increased 100,000 tonnes or 11.8% from ten days ago, marking the largest and steepest rise among other regions. Eastern China registered a 40,000 tonnes or 1.9% increase in stocks.
Steel stocks in northeastern and northwestern China both grew 20,000 tonnes compared to the previous ten days, up 5.4% and 3.8% respectively, according to the CISA.
Stocks in central China decreased 30,000 tonnes or 3.9% from ten days ago, while that in southwestern China fell 30,000 tonnes or 2.7% from the preceding sessions. Inventories in southern China declined 20,000 tonnes or 1.3% compared with ten days ago.
The CISA data also showed rebar stocks stood at 3.05 million tonnes during the session ending on December 31, rising 4.1% from ten days ago.
Stocks of hot-rolled coil came in at 1.44 million tonnes in late December, falling at a contracting decline rate at 1.4% from ten days ago, and that of cold-rolled coil was 1.03 million tonnes, edging down 1.0% from the previous ten days, data showed.
Medium-thick plate stocks stood at 940,000 tonnes, down 2.1% from ten days ago, while wire stocks increased 3.8% to 830,000 tonnes.
(Writing by Riley Liang Editing by Emma Yang)
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