Hot-Rolled Coil Daily Transaction Volume Jumps 31.5% in SMM Sample Cities on Sept 26

[SMM Daily Transaction Volume of Hot-rolled Coils] On September 26, the total daily transaction volume of hot-rolled coils at the sample enterprises in the four cities of SMM (Shanghai, Lecong, Tianjin, and Ningbo) amounted to 16,470 tons, with a daily increase of 3,950 tons or 31.5% compared to the previous day.

The futures market experienced fluctuations and strengthened, but the market remained cautious with a heavy sentiment of wait-and-see. Early on, the downstream end-user procurement demand has been somewhat unleashed, leading to decent trading volumes of hot-rolled coils.