SMM Steel, May 19: According to SMM statistics, estimated total shipments to mainstream markets this week were 219,700 mt, down 2.05% WoW.
By market:
Table 1: Mainstream Market Arrivals Comparison
Source: SMM Steel
Shanghai market: Shipments of hot-rolled coils to the Shanghai market moved sideways WoW this week. Specifically, shipments from mainstream steel mills in south China remained at low levels, while shipments from east China and steel mills in north China were basically stable. Looking ahead to next week, considering the recent production pace adjustments at mainstream steel mills in south China, coupled with steel prices being in the doldrums recently, which suppressed steel mills' shipping enthusiasm, arrivals to the Shanghai market are expected to remain at relatively low levels next week.
Chart-1: Shanghai Market Arrivals
Source: SMM Steel
Lecong market: Shipments to Lecong moved sideways WoW this week. Specifically, resources from north China remained stable WoW, while arrivals of local mainstream resources increased WoW. Currently, DDH's shipments remained relatively aggressive, leading to a notable increase in overall arrivals. Looking ahead, as the price difference between north and south China narrows, steel mill shipments may trend downward, and Lecong arrivals may potentially pull back in the short term.
Chart-2: Lecong Market Arrivals
Source: SMM Steel
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