[SMM hot-rolled steel arrivals] Arrivals in South China market decreased significantly this week

 SMM Steel News on June 3: According to SMM statistics, the estimated total shipments of resources in the mainstream market this week were 235,400 mt, a decrease of 42,000 mt WoW from the shipment level last week. By market:

Table 1: Comparison of Arrivals in Mainstream Markets

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Source: SMM Steel

Shanghai Market: This week, shipments in the Shanghai market remained stable WoW. Specifically, shipments of mainstream resources from South China decreased, while shipments in the northern market increased slightly. Looking ahead, with prices in the doldrums recently and market transaction performance being average, merchants' enthusiasm for ordering is relatively weak. It is expected that arrivals in the Shanghai market will continue at a moderately low level in the short term.

Chart-1: Arrivals in the Shanghai Market

Source: SMM Steel

Lecong Market: This week, shipments flowing to Lecong decreased significantly WoW. Specifically, on the one hand, resources from North China remained stable, while on the other hand, shipments of local mainstream resources DDH and WG both decreased significantly WoW. After the three-week rush, shipments returned to normal in the short term. Looking ahead, as mainstream resources maintain their current shipment levels, it is expected that arrivals in the Lecong market will remain at a low level in the short term.

Chart-2: Arrivals in the Lecong Market

Source: SMM Steel

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