[SMM Hot-rolled Arrivals] Arrivals in the South China market have increased

SMM Steel News on May 13: According to SMM statistics, the estimated total shipments of resources in the mainstream market this week were 244,500 mt, a decrease of 1,500 mt WoW from the shipment level last week. By market:

Chart-1: Comparison of Arrivals in Mainstream Markets

Source: SMM Steel

Shanghai Market: This week, shipments in the Shanghai market decreased slightly WoW. Specifically, shipments of resources from north-east China increased slightly, while shipments from north and south China decreased WoW. Looking ahead, with the relatively low prices in the Shanghai market recently and weak downstream transactions, traders' enthusiasm for purchasing is generally low. It is expected that arrivals in the Shanghai market will continue at a moderately low level in the short term.

Chart-2: Arrivals in the Shanghai Market

Source: SMM Steel

Lecong Market: Shipments to the Lecong market increased slightly WoW this week. Specifically, on the one hand, resources from north China remained stable, while on the other hand, shipments of local mainstream resources WG and DDH both increased slightly WoW from last week. Looking ahead, local mainstream resources are expected to maintain their current shipment levels in the short term, with overall supply pressure remaining relatively small. Therefore, it is expected that arrivals in the Lecong market will remain at a low level in the short term.

Chart-3: Arrivals in the Lecong Market

Source: SMM Steel

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