[SMM Daily Trading Volume of Hot-rolled Coils] On August 14, the total daily trading volume of hot-rolled coils from the sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, and Ningbo) reached 8,040 tonnes, a daily decrease of 80 tonnes or -1.0%.
The decline in futures prices exceeded expectations, leading to a subdued trading atmosphere in the market and a pessimistic sentiment. Consequently, the trading volume of hot-rolled coils was poor.
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