[SMM Daily Transaction Volume of Hot Rolled Coils] On October 17, the total daily transaction volume of hot rolled coils at SMM's sample enterprises in four cities (Shanghai, Lecong, Tianjin, and Ningbo) was 6,450 tonnes, representing a daily decline of 3,750 tonnes or 36.8%.
The futures market weakened significantly, with downstream terminals largely staying on the sidelines, leading to a chilly trading atmosphere and poor transaction of hot rolled coils.

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