[SMM Hot-Rolled Arrivals] This Week's Arrivals in Key Northern and Southern Cities Increased by More Than Half

SMM Steel, December 16 – According to SMM statistics, the estimated total resource shipments in mainstream markets this week reached 287,800 mt, up 54.48% WoW from last week’s shipment level. By market:

Table 1: Comparison of Arrivals in Mainstream Markets

Data source: SMM Steel

Shanghai Market: Shipments in the Shanghai market increased slightly WoW. Specifically, shipments from Northeast and East China resources remained flat, while those from North China decreased slightly, and shipments from mainstream South China resources increased significantly. Looking ahead, recent hot-rolled coil prices have moved sideways, with weak market transactions amid the off-season. Merchants' ordering enthusiasm is moderate, and arrivals in the Shanghai market are expected to fluctuate at a medium level in the short term.

Chart 1: Arrivals in the Shanghai Market

Data source: SMM Steel

Lecong Market: Shipments to the Lecong market increased significantly WoW. Specifically, driven by the combined efforts of two major local mainstream resources, arrivals in South China increased noticeably. Going forward, as the price spread between South China and East China is relatively small, the likelihood of significant additional shipments remains low. Meanwhile, WG is expected to maintain a high shipment level as most export orders have completed production. Therefore, arrivals in the South China market are projected to remain relatively high in the short term.

Chart 2: Arrivals in the Lecong Market

Data source: SMM Steel

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