[SMM HRC Daily Transactions] Futures Market Rises Strongly, Spot Transactions Significantly Insufficient

Publicado: Jan 17, 2025 17:52
[SMM HRC Daily Trading Volume] On January 17, the daily trading volume of HRC samples from SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 11,770 mt, down 3,420 mt or 22.5% MoM. The futures market continued its strong rebound, and spot prices rose by 10-30 yuan/mt. As the year-end approaches, some traders have started wrapping up their work. Overall, trading has weakened, and with downstream and agents gradually taking holidays, the trend of weakening trading appears more evident.

[SMM HRC Daily Trading] On January 17, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 11,770 mt, down 3,420 mt or 22.5% MoM.

The futures market continued its strong rebound, and spot prices rose by 10-30 yuan/mt. As the year-end approaches, some traders have started wrapping up their work. Overall, trading has weakened, and with downstream and agents gradually taking holidays, a further decline in trading activity seems likely.

 

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[SMM HRC Daily Transactions] Futures Market Rises Strongly, Spot Transactions Significantly Insufficient - Shanghai Metals Market (SMM)