[SMM Hot-rolled Arrivals] Affected by Typhoon, Arrivals in South China Decreased Significantly

SMM Steel News on July 8: According to SMM statistics, the estimated total shipments of resources in mainstream markets this week were 247,000 mt, a decrease of 28,200 mt from the shipment level WoW. By market:

SMM Steel News on July 8: According to SMM statistics, the estimated total shipments of resources in mainstream markets this week were 247,000 mt, a decrease of 28,200 mt from the shipment level WoW. By market:

Table-1: Comparison of Arrivals in Mainstream Markets

Source: SMM Steel

Shanghai Market: This week, shipments in the Shanghai market increased slightly WoW. Specifically, shipments from north China and south China increased slightly, while shipments from north-east China and east China were basically stable. Looking ahead, the recent circulation of resources may be affected to a certain extent by the typhoon, and SMM will continue to follow up on the situation.

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 saw mixed increases and decreases, with an overall stable situation. On the other hand, due to the narrowing price spread between south China and east China, adjustments were made to the shipments of local mainstream resources, resulting in a significant decrease in arrivals this week. Looking ahead, with the price spread advantage in south China no longer present, shipments of mainstream resources may continue to lean towards east China. Therefore, the short-term arrival level in Lecong may not be high.

Chart-2: Arrivals in the Lecong Market

Source: SMM Steel

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