[SMM Hot-Rolled Coil Daily Trading] Spot Cargo Trading Volume Changed Narrowly

Published: May 9, 2026 18:34
[SMM Hot-Rolled Coil Daily Trading] On May 9, the combined daily trading volume of hot-rolled coil from SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, and Ningbo) totaled 15,490 mt, down 330 mt DoD (-2.1%), up 56.31% YoY (solar calendar), and up 40.31% YoY (lunar calendar).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
"China's Steel Exports Rise in April, May Volume Expected to Reach 10M mt"
Common.Time.hoursAgo
"China's Steel Exports Rise in April, May Volume Expected to Reach 10M mt"
Read More
"China's Steel Exports Rise in April, May Volume Expected to Reach 10M mt"
"China's Steel Exports Rise in April, May Volume Expected to Reach 10M mt"
Common.Time.hoursAgo
 Some Markets Closed during Holiday, Construction Steel Social Inventory Destocking Slowed Down
Common.Time.hoursAgo
Some Markets Closed during Holiday, Construction Steel Social Inventory Destocking Slowed Down
Read More
 Some Markets Closed during Holiday, Construction Steel Social Inventory Destocking Slowed Down
Some Markets Closed during Holiday, Construction Steel Social Inventory Destocking Slowed Down
[SMM Construction Steel Large-Sample Social Inventory]
Common.Time.hoursAgo
[SMM Sheets & Plates Daily Review] Prices held up well during the day; trading activity was moderate
Common.Time.hoursAgo
[SMM Sheets & Plates Daily Review] Prices held up well during the day; trading activity was moderate
Read More
[SMM Sheets & Plates Daily Review] Prices held up well during the day; trading activity was moderate
[SMM Sheets & Plates Daily Review] Prices held up well during the day; trading activity was moderate
Some major mills added maintenance shutdowns, and May supply pressure is lower than previous expectations. Demand side, sheets & plates demand is expected to weaken marginally in mid-to-late May. Hot-rolled coil inventory is expected to continue destocking over the next 2–3 weeks, with limited accumulation of supply-demand imbalances before month-end in May. The energy premium outside China is unlikely to ease in the short term, hot metal production continues at elevated levels, and coil prices are expected to continue fluctuating at highs in the near term. The pullback in coking coal prices driven by expectations of easing U.S.-Iran tensions and the periodic weakening of hot-rolled coil export order-taking are expected to cause prices to come under pressure briefly, with limited downside.
Common.Time.hoursAgo