Hot rolled coil stock levels in Shenyang have been on a downward trend this week as well. As of now, Shenyang's inventories stand at 130,500 tons, representing a notable decrease of 12,500 tons from the previous week, representing a decrease of 8.74%.
Moreover, in line with the industry's performance in the same period of last year, the current inventory is even more favorable. The increase of 66,200 tons represents an extraordinary growth of 102.96%.
Market experts consider the declining stock movements as an encouraging indicator and an opportunity for both sellers and producers to effectively liquidate their own stocks.
While this latest stock update reveals significant inventory declines during the week compared to the same periods last year, industry authorities remain cautiously optimistic and continue to signal growing confidence in market developments.
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