SMM Steel, March 4 - According to SMM statistics, the total estimated shipments of mainstream market resources this week were 284,900 mt, down 72,700 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 fluctuated rangebound WoW. Specifically, shipments from north-east and east China remained stable, while resources from north China saw a slight decline, and mainstream resources from south China increased significantly. Looking ahead, with concentrated shipments to south China this week, the shipment pace is expected to slow around mid-month.
Chart-1: Arrivals in the Shanghai Market
Data Source: SMM Steel
Lecong Market:This week, shipments to the Lecong market saw a significant WoW decrease. Specifically, shipments from north China declined, and some mainstream resources shifted as monthly tasks were completed, leading to an apparent drop in overall arrivals. Looking ahead, with some mainstream steel mills resuming shipments, arrivals in the Lecong market are expected to increase next week.
Chart-2: Arrivals in the Lecong Market
Data Source: SMM Steel
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