SMM Steel, December 31 - According to SMM statistics, the total estimated shipments in mainstream markets this week reached 269,300 mt, down 31,600 mt WoW. By market:
Table 1: Comparison of Arrivals in Mainstream Markets
Data Source: SMM Steel
Shanghai Market: This week, shipments in the Shanghai market increased WoW. Specifically, shipment levels from north-east and east China remained stable, while shipments from south and north China saw a slight increase. Looking ahead, the price advantage in the Shanghai market has recently declined again, leaving limited room for shipment growth from steel mills. Shipments in the Shanghai market are expected to fluctuate rangebound next week.
Chart-1: Arrivals in the Shanghai Market
Data Source: SMM Steel
Lecong Market: This week, shipments to the Lecong market decreased WoW. Specifically, resources from northern regions declined WoW, gradually returning to normal levels, while mainstream local resources in south China saw reduced shipments due to production adjustments. Overall, arrivals decreased WoW. Looking ahead, with the price spread between south and east China narrowing, shipments to the Lecong market are expected to remain at current levels.
Chart-2: Arrivals in the Lecong Market
Data Source: SMM Steel
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