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
Data 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 from south China decreased WoW. Looking ahead, maintenance at mainstream steel mills in south China is expected to begin soon, and shipments to the Shanghai market are likely to decrease in mid-to-late March. Arrivals in the Shanghai market are not expected to see further growth in the next 1-2 weeks.
Chart-1: Arrivals in the Shanghai Market
Data 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 shipment pace. Additionally, DDH's shipments to south China this month will be halved, reducing 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 a more noticeable decline in the following week.
Chart-2: Arrivals in the Lecong Market
Data Source: SMM Steel
