[SMM Sheets & Plates Daily Review] Traders Gradually Start Holidays, Trading Continued to Weaken Today

Published: Feb 10, 2026 17:49

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During the day, HRC prices trended weaker, with the most-traded contract closing at 3,220 at the end of the session, down 0.65%. In the spot market, national mainstream city HRC offers fell 10 yuan/mt, while cold-rolled and galvanized prices held steady, and export prices remained stable.
In the short term, as this week is the last working week before the Chinese New Year, market trading activity continues to cool. Traders and downstream users started taking holidays gradually from today, with many traders suspending quotes. HRC and cold-rolled prices are expected to stabilize during the latter half of this week.

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