[SMM hot-rolled coil arrivals] Due to the impact of the typhoon, arrivals in south China and east China decreased this week

SMM Steel News on June 17: According to SMM statistics, the estimated total resource shipments in the mainstream market this week were 227,400 mt, a decrease of 28,000 mt WoW from the shipment level last week. By market:

Table 1: Comparison of Arrivals in Mainstream Markets

Source: SMM Steel

Shanghai market: Shipments in the Shanghai market declined slightly WoW this week. Specifically, shipments of north-east China resources decreased WoW, while shipments in markets such as north China and south China remained stable. Looking ahead, with HRC prices fluctuating rangebound recently, downstream buyers are cautious and purchasing as needed. Merchants' enthusiasm for ordering is moderate, and it is expected that arrivals in Shanghai will remain at a low level in the short term.

Chart-1: Arrivals in the Shanghai Market

Source: SMM Steel

Lecong market: Shipments flowing to Lecong decreased somewhat WoW this week. Specifically, on the one hand, there were still some arrivals of north China resources this week, but the unloading of some local mainstream resources, DDH and WG, was affected by the typhoon, resulting in some resources not being unloaded in time, which impacted the volume of goods entering the warehouse. Looking ahead, resources gathered at the port last week will be unloaded successively. Although WG will reduce the production of variety steel in mid-month, overall, arrivals in Lecong will remain at a relatively high level in the short term.

Chart-2: Arrivals in the Lecong Market

Source: SMM Steel

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