[SMM Zhangjiagang HRC Inventory] Zhangjiagang Inventory Decline Accelerated This Week

Published: Jun 2, 2026 16:50
Zhangjiagang HRC port inventories were 287,000 mt this week, down 6,000 mt WoW, a decline of 2.05%; the YoY decline (solar calendar) was 2.05%, and the YoY decline (lunar calendar) was 22.64%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Hot-Rolled Coil Daily Trading] Spot Cargo Trading Showed Some Improvement
4 mins ago
[SMM Hot-Rolled Coil Daily Trading] Spot Cargo Trading Showed Some Improvement
Read More
[SMM Hot-Rolled Coil Daily Trading] Spot Cargo Trading Showed Some Improvement
[SMM Hot-Rolled Coil Daily Trading] Spot Cargo Trading Showed Some Improvement
[SMM Hot-Rolled Coil Daily Trading] On June 2, the combined daily trading volume of hot-rolled coil from SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, and Ningbo) totaled 14,560 mt, up 580 mt or 4.0% DoD, up 45.02% YoY (solar calendar), and down 10.12% YoY (lunar calendar).
4 mins ago
MMi Daily Iron Ore Report (June 2)
5 mins ago
MMi Daily Iron Ore Report (June 2)
Read More
MMi Daily Iron Ore Report (June 2)
MMi Daily Iron Ore Report (June 2)
The DCE iron ore futures shifted from weak to strong today, with the most-traded contract I2609 closing at 786.5 yuan/mt, up 0.77% from the previous trading price. Port spot prices rose by 3-5 yuan accordingly.
5 mins ago
6.02 SMM Global Steel Daily Report
14 mins ago
6.02 SMM Global Steel Daily Report
Read More
6.02 SMM Global Steel Daily Report
6.02 SMM Global Steel Daily Report
[India] Recently, Indian HRC FOB prices were at 550 - 555 USD/tonne. As domestic demand declined with the approaching rainy season, coupled with Brazil's anti-dumping measures against certain Chinese products, Indian exporters were attempting to target Brazil as a market for selling steel products to capture market share. According to surveys, freight costs from India to Brazil were approximately above 100 USD/tonne. Due to excessively high transportation costs, this was not expected to materialize in the short term. If the rupee continues to depreciate and prices continue to decline, it may attract buyers from Brazil.
14 mins ago