[SMM HRC Daily Trading Volume] On January 11, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 19,250 mt, up 3,780 mt (+24.4%) DoD.
The futures market showed strong upward momentum, spot prices rose by 30-40 yuan/mt, and market trading sentiment improved significantly. Some speculative and winter stockpiling demand began to emerge, leading to a notable increase in overall trading volume MoM.

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