SMM Steel, March 11 - According to SMM statistics, the total estimated shipments of mainstream market resources this week reached 319,100 mt, up 34,200 mt WoW. By market:
Table-1: Comparison of Arrivals in Mainstream Markets
Source: SMM Steel
Shanghai Market:This week, shipments to the Shanghai market remained basically stable WoW. Specifically, shipments from north-east and north China increased, while shipments to south China decreased WoW. Looking ahead, mainstream steel mills in south China are expected to start maintenance soon, and shipments to the Shanghai market are expected to decrease in mid-to-late March. Arrivals in the Shanghai market are unlikely to see further increases in the next 1-2 weeks.
Chart-1: Arrivals in the Shanghai Market
Source: SMM Steel
Lecong Market:This week, shipments to the Lecong market increased significantly WoW. Specifically, resources from north China remained stable, while shipments of local mainstream resources returned to normal, leading to an overall increase in arrivals. Looking ahead, in the latter half of next week, local mainstream resource WG will undergo new rolling line maintenance, which will slow down shipment pace. Additionally, DDH's shipments to south China this month will be halved, leading to reduced shipments in the latter half of the month. Arrivals in the Lecong market are expected to remain stable with a weak trend next week, with more significant reductions expected in the following week.
Chart-2: Arrivals in the Lecong Market
Source: SMM Steel
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