【SMM HRC Daily Trading】Futures fluctuated downward, spot trading volume fluctuated rangebound.
【SMM HRC Daily Trading】On April 16, the daily trading volume of HRC from SMM's sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 11,040 mt, up 360 mt (+3.4%) MoM. Today, futures stabilized after a sharp decline, spot prices dropped by 20-30 yuan/mt, spot trading sentiment remained weak, end-users maintained a wait-and-see attitude, and some traders were reluctant to sell, resulting in a narrow rangebound change in daily trading volume MoM.

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