【SMM HRC Daily Trading】Futures fluctuated at highs, spot trading volume decreased.
【SMM HRC Daily Trading】On April 10, the total daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) by SMM 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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