SMM HRC Daily Trading: Futures Open Lower, Spot Volumes Fluctuate with Slight Increase

【SMM HRC Daily Trading】Futures Opened Lower and Fluctuated Rangebound, Spot Trading Volume Fluctuated Rangebound

【SMM HRC Daily Trading】On April 7, the total daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM was 11,070 mt, a daily increase of 200 mt, up 1.8%. Today, futures opened lower, and spot prices decreased by 30-80 yuan/mt. Although futures trended weakly, the pre-holiday market restocking demand was sluggish. After the holiday, some rigid demand emerged for restocking, and the daily trading volume increased slightly on the basis of the pre-holiday low level.