Imported Iron Ore Prices Rose Last Week, And May Hover At Highs This Week

[SMM Hot Rolled Coil Daily Transactions] On June 11, the total daily trading volume of hot-rolled coils among sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 13,220 mt, down 1,030 mt day-on-day, or -7.9%, Gregorian YoY +0.92%, and lunar YoY -6.31%.

[SMM Analysis] Slight Stainless Steel Inventory Destocking Amid Weak Off-Season Demand and Proactive Clearing by Traders SMM, June 11 – This week, stainless steel social inventories extended the previous destocking trend, with total inventory pulling back slightly again. Total inventory in the two core markets of Wuxi and Foshan declined from 940,400 mt on June 4, 2026, to 932,900 mt on June 11, down 0.8% WoW. Under the off-season conditions, inventories continued to show a slight destocking trend. This week, macro headwinds outside China continued to intensify, and SS futures declined in successive sessions, dragging stainless steel spot prices down in tandem. Overall market pessimism deepened. On top of this, the industry formally entered the traditional consumption off-season. Wait-and-see sentiment among downstream end-users stayed high, actual just-in-time procurement was relatively weak, and overall transactions in the spot market remained sluggish. The demand side would have created inventory buildup pressure. However, the supply side and the circulation sector provided a strong offset, effectively neutralizing the inventory accumulation risk caused by weak off-season demand. On one hand, multiple stainless steel mills gradually implemented production cuts and maintenance during the month, leading to downward adjustments in production schedules. On the other hand, the persistent decline in futures heightened industry concerns about the near-term outlook. Traders widely held pessimistic expectations, and the market mainly operated with an approach of proactive selling and reducing their own inventories. Price concessions to clear inventory were common, accelerating the turnover of spot goods in the market. Amid the opposing tug-of-war between supply and demand, stainless steel social inventories pulled back slightly further this week. On the whole, weak just-in-time demand during the off-season and persistently sluggish transactions were potential bearish factors for inventory buildup, while the marginal supply contraction from steel mill maintenance and traders' concentrated proactive inventory clearing were the factors behind this week's ...

Kontrak HRC paling aktif diperdagangkan hari ini bergerak melemah, ditutup di 3.358, turun 0,33% MoM. Pasar spot lembaran dan pelat turun 10–20 yuan/ton, sementara beberapa pasar bertahan stabil. Dari sisi suplai, dampak perawatan pengerolan panas mereda minggu ini, produksi mingguan naik 10.500 ton MoM, dan tekanan pasokan dalam tren naik jangka pendek. Dari sisi permintaan, penurunan sesi akhir membebani sentimen pasar, dengan pengguna akhir membeli di harga rendah dan permintaan spekulatif melemah. Dari sisi biaya, pasar spot batu bara kokas dan kokas tetap dalam keseimbangan pasokan-permintaan yang ketat. Kenaikan harga kokas putaran keenam diterapkan, dan harga berjangka saat ini dalam proses menutup kerugian. Muncul pembicaraan pasar tentang kenaikan putaran ketujuh pada tanggal 12, dan dukungan biaya tetap ada. Ringkasnya, berdasarkan data inventaris sosial HRC, pasar di Tiongkok timur dan selatan mengalami penumpukan inventaris MoM, sementara pasar di timur laut, utara, dan tengah mengalami pengurangan inventaris MoM. Belum muncul ketidakseimbangan pasokan-permintaan yang nyata. Namun, seiring berjalannya musim sepi, ketidakseimbangan akan terus terakumulasi. Pasar diperkirakan tetap bergerak dalam kisaran terbatas dalam jangka pendek. Pantau terus gangguan dari sisi bahan baku.