SMM Daily: Hot-Rolled Coil Trading Volume Drops 18% Amid Market Cooling, Mid-Autumn Holiday Approach

[SMM Daily Trading Volume of Hot-rolled Coils] On September 13, the total daily trading volume of hot-rolled coils in SMM's four sample cities (Shanghai, Lecong, Tianjin, and Ningbo) amounted to 13,540 tonnes, a daily decrease of 2,980 tonnes or 18.0% from the previous day.

The futures market fluctuated, with a rebound in the midday session before falling back again. Trading sentiment cooled in the market. Coupled with the upcoming Mid-Autumn Festival holiday, downstream buyers showed signs of hesitation, leading to average trading activity in hot-rolled coils.