[SMM Hot-Rolled Arrivals] Mainstream market arrivals fluctuated rangebound this week.  

SMM Steel, January 13 – According to SMM statistics, the estimated total resource shipments to mainstream markets this week were 268,700 mt, down 1.83% WoW. By market:

Table 1: Mainstream Market Arrivals Comparison

Data source: SMM Steel

Shanghai market: Shipments to the Shanghai market increased slightly WoW. Specifically, the increase mainly came from North China resources, while South China resources dropped back slightly, and Northeast China resources remained basically stable. Looking ahead, hot-rolled coil prices fluctuated rangebound recently, and overall market transactions were moderate. In the short term, shipments from mainstream steel mills in Northeast and South China are expected to see relatively small fluctuations. However, some North China steel mills may accelerate their shipment pace due to the approaching delivery date.

Chart 1: Shanghai Market Arrivals

Data source: SMM Steel

Lecong market: Shipments to the Lecong market declined WoW. Specifically, a small volume of North China resources arrived, while local mainstream resources decreased slightly WoW, leading to an overall drop in arrivals. Looking ahead, one mainstream steel mill has a maintenance plan, resulting in lower hot metal output and reduced production of commercial hot-rolled coil. Another mainstream resource maintained a normal shipment pace. In the short term, arrivals in the South China market are expected to remain relatively stable WoW.

Chart 2: Lecong Market Arrivals

Data source: SMM Steel

SMM releases hot-rolled shipment flow data for mainstream markets every Tuesday. To subscribe or follow more data, please scan the QR code below.