SMM Steel, January 20 – According to SMM statistics, estimated total shipments to mainstream markets this week reached 253,200 mt, down 5.77% WoW from last week’s shipment level. By market:
Table 1: Mainstream Market Arrivals Comparison
Source: SMM Steel
Shanghai market: Shipments in the Shanghai market fluctuated rangebound WoW. Specifically, shipments from Northeast and East China remained stable, while shipments of mainstream resources from South China rose slightly, and those from North China edged down. Looking ahead, hot-rolled coil prices fluctuated rangebound recently, market transactions showed mediocre performance, and as the year-end approached, market demand gradually weakened. Short-term shipment fluctuations in the Shanghai market were expected to be relatively small.
Chart 1: Shanghai Market Arrivals
Source: SMM Steel
Lecong market: Shipments to the Lecong market dipped slightly WoW. Specifically, a small volume of resources arrived from North China, while overall arrivals declined due to a local mainstream producer concentrating on producing specialty steel in mid-month. Going forward, most mainstream suppliers maintained current shipment levels, and short-term arrivals in the South China market were expected to remain at relatively low levels.
Chart 2: Lecong Market Arrivals
Source: SMM Steel
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