【SMM HRC Daily Trading】Futures fluctuated at highs, spot trading volume declined.
【SMM HRC Daily Trading】On April 10, the total daily trading volume of HRC in SMM's four-city (Shanghai, Lecong, Tianjin, Ningbo) sample enterprises was 11,350 mt, down 3,740 mt, or 24.8% WoW. Today, futures initially rose and then stabilized, spot prices increased by 20-70 yuan/mt, futures held up well, but market fear of highs spread, overall procurement demand was difficult to sustain, and daily trading volume decreased MoM.
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