【SMM Daily Hot-Rolled Coil Transactions】On November 7, the total daily transaction volume of hot-rolled coils among sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) amounted to 14,540 tonnes, with a daily increase of 2,370 tonnes or +19.5% compared to the previous day.
The futures market oscillated with a bias towards strength, and the trading atmosphere in the market improved somewhat. However, downstream buyers remained cautious, focusing mainly on procurement based on demand, resulting in generally average transactions for hot-rolled coils.
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