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[SMM Hot Volume] the arrival of goods in the Southern Market continues to be on the low side, and port pressure at most ports has eased significantly.
Apr 7,2020 16:46CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

According to SMM Steel on April 7, this week's mainstream market resources reached a total of 106000 tons, basically stable compared with last week. Among them, Shanghai and Lecong still maintain a low volume of arrivals, mainly affected by the north-south price gap (prices in Tianjin, Shanghai and Lecong have been basically flat since the end of March).

In addition, due to the low volume of goods received in the near future, the pressure on the port of Shanghai has obviously alleviated, and the current level has basically returned to normal. On the other hand, Lecong has more port pressure in the early stage, coupled with the fact that the warehouse is still in a state of explosion, and it is difficult for resources to enter the warehouse, so even if the volume of goods is small, it is difficult to alleviate the port pressure situation in the short term. Nearly 80 ships are still expected to be at various ports. The details of the arrival of the goods are as follows,

Shanghai market: 42000 tons of hot rolls arrived this week, month-on-month to maintain stability;

Lecong market: hot rolls delivered 43000 tons this week, an increase of 1000 tons over the previous month;

Tianjin market: hot roll arrived this week 21000 tons, month-on-month to maintain stability;

It is suggested that the price difference between the north and the south is in an unconventional state at present, and the pressure of hot roll supply will be gradually alleviated with the decrease of the volume of goods from Shanghai and Le. On the other hand, the pressure on the supply of hot rolls in the northern market may gradually increase, and the pressure on spot prices in the north will intensify at that time.


 

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