[SMM HRC Arrivals] Price Spread Narrows, Arrivals in East China Increase This Week

Published: Jun 24, 2025 18:23

Source: SMM

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SMM Steel News on June 24: According to SMM statistics, the estimated total shipments of mainstream market resources this week were 243,700 mt, an increase of 16,300 mt from the shipping level WoW. By market:

Chart-1: Comparison of Arrivals in Mainstream Markets

Source: SMM Steel

Shanghai Market: This week, shipments in the Shanghai market increased slightly WoW. Specifically, shipments of resources from north-east and south China increased slightly, while shipments of resources from north China decreased. Looking ahead, with relatively small fluctuations in HRC prices recently and general purchasing enthusiasm from downstream users, merchants' purchase willingness is weak. It is expected that there will be no significant increase in arrivals in the Shanghai market in the short term.

Chart-2: Arrivals in the Shanghai Market

Source: SMM Steel

Lecong Market: This week, shipments to the Lecong market decreased slightly WoW. Specifically, on the one hand, resources from north China arrived in succession in the early stage, and due to the narrowing price spread advantage, relatively fewer new resources were shipped. Meanwhile, the inventory of local mainstream resources DDH and WG increased, leading to a slight decrease in overall arrivals this week. Looking ahead, although the price spread advantage has narrowed, WG's overseas order-taking is constrained, and shipping levels may continue to be relatively high. Therefore, arrivals in the Lecong market are expected to remain at a relatively high level in the short term.

Chart-3: Arrivals in the Lecong Market

Source: SMM Steel

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