[SMM Hot-Rolled Steel Arrivals] Mainstream City Arrivals Increased WoW

SMM Steel, December 2 – According to SMM statistics, estimated total resource shipments in mainstream markets this week were 201,900 mt, up 3.64% WoW from last week’s shipping level. By market:

Table 1: Mainstream Market Arrivals Comparison

Data source: SMM Steel

Shanghai Market: Shipments in the Shanghai market decreased slightly WoW. Specifically, shipments from northern and east China steel mills held steady, with the reduction mainly coming from mainstream steel mills in south China. Looking ahead, recent slight rises in hot-rolled coil prices have improved ordering enthusiasm among some traders, and short-term hot-rolled coil shipping levels in the Shanghai market are expected to have room for further increase.

Chart 1: Shanghai Market Arrivals

Data source: SMM Steel

Lecong Market: Shipments to the Lecong flow increased WoW. The main increase this period came from local mainstream resources, as prices in south and east China converged recently, leading to increased shipments from mainstream steel mills. Going forward, with prices in south and east China remaining similar, shipments from some steel mills may still have potential to increase, and arrivals next week are expected to have some room for growth.

Chart 2: Lecong Market Arrivals

Data source: SMM Steel

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