Golden Ten Futures Reminder

According to the weekly rebar inventory data released by Mysteel, the total rebar inventory this week is 4.2203 million tons, compared to 4.3425 million tons last week, with a destocking of 122,200 tons this week and 182,900 tons last week. In recent years during the same period: in 2022, there was an accumulation of 249,500 tons; in 2021, an accumulation of 13,900 tons; and in 2020, an accumulation of 357,900 tons. In addition, the apparent demand this week is 2.0044 million tons, compared to 2.0268 million tons last week. The level for the same period in recent years was: 3.1448 million tons in 2020.