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  [SMM Building Materials Inventory] With stable supply and increasing demand, the inventory of building materials is destocking at an accelerated pace. Can the destocking speed be maintained after the holiday?

  [SMM Construction Steel Inventory: Stable Supply and Increasing Demand Accelerate Destocking of Construction Steel. Can the Destocking Speed Be Maintained After the Holiday?] This week, the total inventory of construction steel continued to destock. The total inventory of rebar decreased by 5.94% WoW, and the total inventory of wire rod decreased by 7.27% WoW.

• Overview of National Building Materials Inventory on May 1

  On May 1, SMM reported that the total rebar inventory for the week was 6.1678 million mt, a decrease of 389,600 mt WoW, down 5.94% WoW, and down 25.16% YoY on the lunar calendar. The total wire rod inventory nationwide was 1.1916 million mt, a decrease of 93,500 mt WoW, down 7.27% WoW, and down 32.93% YoY on the lunar calendar.

• Notice: Suspension of News Updates During Labour Day Holiday

  Dear Visitors, Please be informed that our English website will suspend news updates during the upcoming Labour Day holiday. This suspension will be in effect from May 1 to May 5.

• Off-season Consumption Approaches, High Overseas Copper Scrap Prices May Lead to Larger-than-Expected Decline in Imports in May and June [[SMM Daily Review of Secondary Copper]]

• CCIE Copper Industry Field Trip to Jiangxi: Seventh Stop - Jiangxi JCC East China Electric New Material Technology Co., Ltd.

  In response to the requests of many companies in the copper industry chain and to enhance communication between upstream and downstream enterprises, SMM Information & Technology Co., Ltd. (SMM) has meticulously organized a copper industry field trip to Jiangxi from April 24 to 26.