[SMM Hot-rolled coil arrivals] Mixed arrivals this period  

SMM Steel August 25 news, according to SMM statistics, this week's estimated total shipments to mainstream markets were 171,300 mt, down 6.29% WoW from last week's shipment level. Breakdown by market:  

Table 1: Arrivals comparison for mainstream markets  

Data source: SMM Steel  

Shanghai market: This week, hot-rolled coil shipments to the Shanghai market further declined. Specifically, northern resources had relatively concentrated arrivals earlier, and the data for this period decreased; while shipments from south China steel mills were affected by the approaching typhoon, with most vessels taking shelter this week. Looking ahead, after the slowdown in south China resources this week, there may be some rebound expectations next week. Therefore, next week's level of mainstream resource arrivals to Shanghai is expected to increase.  

Chart-1: Shanghai market arrivals  

Data source: SMM Steel  

Le'cong market: This week, shipments to Le'cong increased. Specifically, north China maintained a low arrival level, while DDH arrivals increased. Overall, total arrivals increased WoW. Looking ahead, it is still difficult for northern resources to arrive in large quantities in the short term, and local mainstream resources are expected to remain stable. Therefore, arrivals to south China are expected to fluctuate within a narrow range in the short term.  

Chart-2: Le'cong market arrivals  

Data source: SMM Steel  

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