中文
Inventory of five major steel products in China's 21 cities continued to rise in early February (February 1-10), up 10.4% or 0.9 million tonnes from late January to 9.56 million tonnes, according to data from the China Iron and Steel Association (CISA).
The volume, however, was 28.7% or 3.85 million tonnes lower than the year-ago level, data showed.
As of February 10, southern China saw stocks increase 250,000 tonnes or 13.5% from ten days ago, marking the biggest increment among all regions. Northeastern China registered a 140,000 tonnes or 35.0% increase in stocks compared to ten days earlier, the largest growth among other regions.
Steel stocks in northern China rose 100,000 tonnes or 7.9% compared to the previous ten days. That of northwestern China increased 110,000 tonnes or 15.7% from ten days earlier, according to the CISA.
Stocks in eastern China increased 120,000 tonnes or 5.1% from ten days ago. That of central China grew 70,000 tonnes or 8.2% from the preceding session, while inventories in southwestern China rose 110,000 tonnes or 9.0% compared with ten days ago.
Stocks of hot-rolled coil came in at 1.63 million tonnes in early February, up 5.2% from ten days ago, and that of cold-rolled coil was 1.14 million tonnes, climbing 1.8% from the previous ten days.
Medium-thick plate stocks stood at 1.16 million tonnes, up 9.4% from ten days ago, while wire stocks increased 14.3% to 1.20 million tonnes.
The CISA data also showed rebar stocks stood at 4.43 million tonnes as of February 10, rising 14.2% from ten days ago.
(Writing by Riley Liang Editing by Harry Huo)
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