SMM Steel, June 3 - According to SMM statistics, the estimated total shipments of mainstream market resources this week were 235,400 mt, a decrease of 42,000 mt WoW. By market:
Chart-1: Comparison of Arrivals in Mainstream Markets
Source: SMM Steel
Shanghai market: Shipments in the Shanghai market remained stable WoW this week. Specifically, shipments of mainstream resources from South China decreased, while shipments from the northern market increased slightly. Looking ahead, with prices in the doldrums recently and market transaction performance being average, merchants' enthusiasm for ordering is weak. It is expected that arrivals in the Shanghai market will continue at a moderately low level in the short term.
Chart-2: Arrivals in the Shanghai Market
Source: SMM Steel
Lecong market: Shipments to the Lecong market decreased significantly WoW this week. Specifically, on the one hand, resources from North China remained stable. On the other hand, shipments of local mainstream resources, DDH and WG, both decreased significantly WoW. After the end-of-month rush, shipments returned to normal in the short term. Looking ahead, as mainstream resources maintain their current shipment levels, it is expected that arrivals in the Lecong market will remain at a low level in the short term.
Chart-3: Arrivals in the Lecong Market
Source: SMM Steel
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