According to SMM statistics, this week's hot rolling mainstream market resources arrived at 122000 tons, 86000 tons from last week, an increase of 42 percent over the previous month. Resource arrivals increased for the first time since they continued to fall in November. Mainly due to, on the one hand, the northern port capacity recovery, pre-pressure in the port resources returned to normal transport, and arrived at the market one after another this week. On the other hand, individual steel mills have put new rolling lines into production, and new resources will be put on the market one after another this week. As a result, overall, there has been an increase in resource arrivals this week.

At the same time, it is worth noting that the current steel mill resources shipment has returned to normal, the late market long association resources arrival volume will be restored one after another. On this basis, the superposition of foreign imported resources and the output of the new rolling line to the market will lead to a continuous increase in market supply. On the demand side, as the tide of work fades near the end of the year, terminal procurement is also relatively down, so in this case, it is expected that the accumulation node will be ushered in mid-December.