Page 70 - Inventory Data News Today

China HRC stocks across social warehouses and steel makers rose slightly from the previous week as end-user demand has recovered.

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, rose 91,000 mt on the week to 1.17 million mt as of March 4, and stocks in Wuxi, Nanhai and Gongyi mainly contributed to the increase.

U.S. crude oil stockpiles surged by a record of more than 21 million barrels last week as refining plunged to an all-time low due to the Texas freeze that knocked out power for millions.

A total of 86 vessels carrying 12.92 million mt of iron ore arrived at major Chinese ports during February 21-27, SMM estimates. This was largely unchanged from the previous week, and up 3.24 million mt from the same period last year.

By Reuters Staff 2 Min Read TORONTO, March 1 (Reuters) - Canadian manufacturing activity grew at a faster pace in February than in January as better news on vaccines underpinned confidence and new orders and employment climbed, data showed on Monday. The IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI) rose to a seasonally adjusted 54.8 in February from 54.4 in January. It was the eighth straight month the index was above the 50 threshold that marks expansion in the sector. Th...

Japan's industrial output rose for the first time in three months in January thanks to a pickup in global demand, in a welcome sign for an economy still looking to shake off the drag of the coronavirus pandemic.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 37,600 mt in the week ended February 26 to 262,100 mt. The stocks rose 9,700 mt from Monday February 22.

Nickel ore inventories across all Chinese ports decreased 614,000 wmt from February 18 to 7.26 million wmt as of February 26, showed SMM data. 

Social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port declined 5,000 mt from the prior week to 62,000 mt as of Friday February 26, SMM data showed.

Inventories of refined nickel in the Shanghai bonded areas increased 800 mt from a week ago and stood at 18,400 mt as of February 26, showed SMM data.