SMM HRC Daily Trading: Futures Volatile, Spot Volume Surges Over 50%

【SMM HRC Daily Trading】Futures First Fell Then Rose, Spot Trading Volume Increased by Over Half

【SMM HRC Daily Trading】On April 9, the total daily trading volume of HRC in SMM's four-city (Shanghai, Lecong, Tianjin, Ningbo) sample enterprises was 15,090 mt, up 5,200 mt (+52.6%) MoM.

Today, futures first fell then rose. In terms of spot prices, the northern market saw a decline, while prices in south China remained stable MoM. In the afternoon, futures rebounded from their lows, improving market sentiment and triggering some speculative demand, leading to a significant MoM increase in daily trading volume.