The Ministry of Industry and Information Technology: From January to March 2023, the national shipbuilding completion volume was 9.17 million deadweight tons, a year-on-year decrease of 4.6%, of which sea-going ships were 3.08 million compensated gross tons; new orders were 15.18 million deadweight tons, a year-on-year increase of 53%, of which sea-going ships were 7.36 million compensated gross tons.
From January to March, China's shipbuilding completions, new orders and orders on hand accounted for 43.5%, 62.9% and 50.8% respectively of the world's total in deadweight tons, and 43%, 62.1% and 45.3% respectively in terms of compensated gross tons, all ranking first in the world.
![Inventory continues to decline, suppliers sharply hold prices firm while selling, spot premiums surge [SMM South China Spot Copper]](https://imgqn.smm.cn/usercenter/tXWun20251217171711.jpg)
![Spot Premiums Edge Up, Market Recovers Somewhat [SMM North China Spot Copper]](https://imgqn.smm.cn/usercenter/fEiiq20251217171711.jpg)

