中文
Inventory of five major steel products in China's 21 cities continued to rise in mid-January (January 11-20), up 5.4% or 0.42 million tonnes from early January to 8.23 million tonnes, according to data from the China Iron and Steel Association (CISA).
The volume, however, was 11.4% or 1.06 million tonnes lower than the year-ago level, data showed.
As of January 20, southern China saw stocks increase 160,000 tonnes or 10.2% from ten days ago, the biggest increment and the largest growth. Eastern China registered a 90,000 tonnes or 4.0% increase in stocks compared to ten days earlier.
Steel stocks in northern China rose 60,000 tonnes or 5.7% compared to the previous ten days. That of northwestern China increased 50,000 tonnes or 8.6% from ten days earlier, according to the CISA.
Stocks in central China increased 30,000 tonnes or 3.8% from ten days ago, while that in southwestern China grew 20,000 tonnes or 1.7% from the preceding session. Inventories in northeastern China increased 10,000 tonnes or 2.5% compared with ten days ago.
The CISA data also showed rebar stocks stood at 3.58 million tonnes as of January 20, rising 6.9% from ten days ago, data showed.
Stocks of hot-rolled coil came in at 1.51 million tonnes in mid-January, up 2.7% from ten days ago, and that of cold-rolled coil was 1.10 million tonnes, climbing 3.8% from the previous ten days.
Medium-thick plate stocks stood at 1.05 million tonnes, up 4.0% from ten days ago, while wire stocks increased 7.6% to 990,000 tonnes.
(Writing by Riley Liang Editing by Harry Huo)
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