SMM Daily Hot-Rolled Coil Transaction Volume Drops 25.9% on November 15th

[SMM Daily Transaction Volume of Hot-Rolled Coils] On November 15th, the combined daily transaction volume of hot-rolled coils among the sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 7,900 tonnes, marking a daily decrease of 2,760 tonnes, or -25.9% compared to the previous day.

The futures market showed significant weakness, coupled with widespread price-holding sentiment among traders. This led to a chill in market trading sentiment, with downstream terminals stepping away to wait and see. Consequently, the overall transaction volume of hot-rolled coils remained sluggish throughout the day.