【SMM Hot Rolled Arrival】Mainstream Market Arrivals Declined, Potential Increase Expected Next Week

SMM Steel April 1st News: According to SMM statistics, the estimated total shipments of mainstream markets this week were 190,800 mt, down 22,900 mt WoW. By market:

Table 1: Arrivals Comparison in Mainstream Markets

Data source: SMM Steel

Shanghai Market: Shipments in the Shanghai market remained stable WoW, with relatively small changes in shipments across markets. Looking ahead, as domestic HRC supply rebounds MoM in April, coupled with the resumption of production at some mainstream steel mills after maintenance, arrivals in the Shanghai market are expected to increase starting next week.

Chart 1: Arrivals in the Shanghai Market

Data source: SMM Steel

Lecong Market: Shipments to the Lecong market declined WoW. Specifically, while resources from North China remained stable, the total volume of local mainstream resources decreased, leading to a continued reduction in overall arrivals WoW. Looking ahead, mainstream resources are expected to be discounted in April, with relatively small arrival resistance, but arrivals in the Lecong market are projected to see some incremental space next week.

Chart 2: Arrivals in the Lecong Market

Data source: SMM Steel

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