【SMM Daily Transaction of Hot-rolled Coils】On July 8th, the daily transaction volume of hot-rolled coils of sample enterprises in three cities of SMM (Shanghai, Lecong, and Tianjin) totaled 10,020 tons, a daily decrease of 40 tons, or -0.4%.

The futures market weakened significantly, and market participants were basically in a wait-and-see state. Speculative demand disappeared, and downstream terminals also reduced their purchases. Traders' transactions of hot-rolled coils were not satisfactory.