[SMM Hot Rolled Arrivals] The arrival ratio increased this period.

SMM Steel, July 7 – According to SMM statistics, the estimated total resource shipments to major markets this week were 180,700 mt, up 3.61% WoW. By market:

Table 1: Arrivals Comparison in Major Markets

Source: SMM Steel

Shanghai market: This week, hot coil shipments in the Shanghai market moved sideways WoW. Specifically, the decline was mainly from mainstream resources in South China, while shipments from other steel mills saw relatively small changes. Going forward, amid the off-season, market transactions were mediocre, and steel mill shipments remained largely stable. It is expected that arrivals in the Shanghai market will fluctuate at low levels in the short term.

Chart-1: Arrivals in Shanghai Market

Source: SMM Steel

Lecong market: Shipments to Lecong increased this week. Specifically, supplies from North China remained stable, while the two major mainstream resources saw mixed changes, but overall remained at relatively low levels. Going forward, resources from the north are expected to remain scarce in the short term. As for mainstream resources, one of the steel mills has resumed production, and export orders were limited in the short term. However, typhoon weather has been frequent in South and East China recently, which may affect some arrivals. Therefore, arrivals are unlikely to increase significantly in the short term.

Chart-2: Arrivals in Lecong Market

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Source: SMM Steel

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