Analysis of Hot Rolled Steel Coil Stock in China in February 2019

In February 2019, China's hot rolled steel coil inventory rebounded significantly. Hot rolled steel coil stock this month was 1.78 million tons, an increase of 210,000 tons over the previous month, an increase of 13.7%. Among them, steel market inventory is 1.58 million tons, an increase of 210,000 tons compared with last month, and port inventory is 200,000 tons, the same as last month.

There are 15 areas where hot rolled steel coil stocks have increased annually this month, among which Tianjin has a large increase in stocks, with an increase of 0.5 million tons annually, all of which is the increase in the steel market; Guangzhou's stocks have increased by 63,000 tons, including 53,000 tons in the steel market and 10,000 tons in the port; Beijing's hot rolled steel coil stocks have increased by 0.1 million tons this month, Shenyang's 31,000 tons, Shijiazhuang's 20,000 tons and Hefei's 20,000 tons. Jinan 0.9 million tons, Zhengzhou 0.1 million tons, Wuhan 23,000 tons, Changsha 25,000 tons, Kunming 0.20 million tons, Chengdu 38,000 tons, Chongqing 11,000 tons, Xi'an 14,000 tons; this month, the inventory ring ratio decreased in two areas, including Shanghai, which decreased by more than 11,000 tons, including steel market reduced by 0.1 million tons, port decreased by 10,000 tons.