SMM Steel, February 25 - According to SMM statistics, the total estimated shipments of mainstream market resources this week reached 357,600 mt, up 62,200 mt WoW. By market:
Table 1: Comparison of Mainstream Market Arrivals
Data Source: SMM Steel
Shanghai Market: This week, shipments in the Shanghai market increased slightly WoW. Specifically, shipments from north-east and south China increased slightly, while those from east and north China remained stable. Looking ahead, mainstream steel mills in south China are expected to undergo maintenance in early March, which may lead to a reduction in shipments from south China, while shipment levels in other markets are expected to fluctuate within a relatively small range.
Chart-1: Shanghai Market Arrivals
Data Source: SMM Steel
Lecong Market: This week, shipments to the Lecong market saw a significant WoW increase. Specifically, the main increase came from local mainstream resources in south China, along with an increase in shipments from north China, pushing overall arrival levels to a higher stage. Looking ahead, as some mainstream resources complete their monthly tasks, shipments may shift, and the short-term arrivals in the Lecong market are expected to narrow slightly.
Chart-2: Lecong Market Arrivals
Data Source: SMM Steel
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