SMM HRC Daily Trading: Steady Volumes, Futures Volatile, No Major Policy Announcements

【SMM HRC Daily Trading】No Surprise Policies Released at the Meeting, Spot Trading Volume Fluctuates Rangebound

【SMM HRC Daily Trading】On April 25, the daily HRC trading volume of sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 11,920 mt, up 1,180 mt or 12% MoM.

Today, futures prices rose first and then fell, while spot prices fluctuated rangebound. The trading atmosphere in the morning session was moderate, with some volume at low prices. No surprise policies were released at the Politburo meeting, and trading weakened again in the afternoon session, with daily trading volume fluctuating rangebound MoM.