[SMM Hot Rolled Arrivals] Arrival Ratio Moves Sideways This Period

July 21, SMM Steel – According to SMM statistics, total estimated shipments of mainstream market resources this week were 246,200 mt, down 0.57% WoW. Breakdown by markets:

Table 1: Mainstream Market Arrival Comparison

Data source: SMM Steel

Shanghai Market: Hot-rolled coil shipments in the Shanghai market declined WoW this week. Specifically, shipments from the Northeast market rebounded WoW, related on one hand to the receding impact of typhoons, and on the other hand to weakening demand in the north, with some steel mills adjusting their shipping pace; shipments from South China steel mills decreased. Looking ahead, north-south shipments may move sideways based on this week's levels, with limited room for change in Shanghai's mainstream resource arrivals.

Chart 1: Shanghai Market Arrivals

Data source: SMM Steel

Lecong Market: Shipments to Lecong saw a significant increase this week. Specifically, North China resources remained stable, while of the two mainstream resources, one increased and the other decreased. Among them, WG's resources previously affected by typhoons arrived at ports successively, driving a notable increase in overall arrivals. Looking ahead, with previously backlogged cargoes arriving at ports, the concentrated arrivals are expected to ease subsequently, so next week's arrivals will likely decline.

Chart 2: Lecong Market Arrivals

Data source: SMM Steel

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