[SMM HRC Daily Trading] On January 23, the daily trading volume of HRC from SMM's four-city sample enterprises (Shanghai, Lecong, Tianjin, Ningbo) totaled 4,550 mt, down 410 mt or 8.30% MoM.
The futures market slightly strengthened, spot prices rose by 10-20 yuan/mt. As the year-end approaches, market trading sentiment further weakened, with many traders and end-users entering holiday mode. Overall, trading became increasingly sluggish.
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