China's total exports surged 36% MoM from May 11 to May 17

I. Domestic Steel Shipping

1. Shipment Data

Last week (May 11-May 17)

SMM's total steel shipments from national ports were 7.4531 million mt, up 104,900 mt MoM, an increase of 1%. Among them, the total shipments from the six major northern ports (Jingtang Port, Caofeidian Port, Bayuquan Port, Tianjin New Port, Huanghua Port, Jinzhou Port) were 2.1017 million mt, down 491,000 mt MoM, accounting for 28% of the total shipments. The total shipments from the three major eastern ports (Shanghai Port, Zhangjiagang Port, Lanbei Port) were 576,800 mt, up 2,990 mt MoM, accounting for 8% of the total shipments. The total shipments from the two major southern ports (Zhanjiang Port, Fangchenggang Port) were 413,800 mt, up 37,200 mt MoM, accounting for 6% of the total shipments.

2. Arrivals Data

Last week (May 11-May 17)

SMM China's total steel port arrivals were 7.0091 million mt, down 458,200 mt MoM, a decrease of 6%. Among them, the total port arrivals at 13 main ports in east China were 4.3967 million mt, down 43,600 mt MoM, accounting for 63% of this week's total port arrivals. The total port arrivals at Guangzhou Port in south China were 369,200 mt, down 104,600 mt MoM, accounting for 5% of this week's total port arrivals.

II. Steel Foreign Trade Shipping

1. Shipment Data

Last week (May 11-May 17)

Global (excluding China) port steel shipments were 1.8718 million mt, down 8% MoM. Chinese port steel shipments were 2.5799 million mt, up 36% MoM.

By product type,

This week, global port steel plate shipments were 17.34 mt, up 49% MoM. Global port steel coil shipments were 270,000 mt, down 15% MoM. Global port pig iron shipments were 707,800 mt, down 15% MoM. Global port steel billet shipments were 438,900 mt, down 2% MoM.

2. Port Arrivals Data

Last week (May 11-May 17)

The total port arrivals of steel at 119 Chinese ports was 595,700 mt, up 242,600 mt MoM, an increase of 69%.