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b>Inventory shifts to Masukura, steel prices fluctuate at high levels

Construction steel prices in major markets across the country showed mixed performance. Among them, Northeast, Northwest and other places rose steadily, while prices in North China, East China, Central China, South China, and Southwest China increased. The steel index rose and the cost index rose sharply, indicating that the profit margin of steel mills was compressed; this week, rebar futures fluctuated frequently and their role in pulling the spot market weakened.

 

As of January 7, the total stock of rebar in the Shanghai Stock Exchange was 207.5 million tons, an increase of 33,300 tons from last week, an increase of 19.12%. This is the third consecutive week of the Shanghai area's inventory recurring after Masukura; the current inventory is compared with the previous year. Over the same period (21,100 tons on January 9), a decrease of 2600 tons, a decrease of 1.24%. In this period, market prices have risen and been frustrated, terminal demand is weak, and resource replenishment is normal, so inventory has increased sharply from the previous month.

 

In this period, the total steel inventory of sample warehouses in 35 major markets across the country was 9.0269 million tons, an increase of 567,600 tons or 6.71% from last week. This is the two consecutive weeks of increase in the total steel inventory of sample warehouses across the country (the Masukura time node was delayed by about two weeks from the same period last year).