[SMM HRC Daily Trading Volume] Futures Rally Strongly, Spot Trading Volume Returns to Peak
[SMM HRC Daily Trading Volume] On May 12, the combined daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM was 16,200 mt, with a daily increase of 4,400 mt, or +37.3%.
Today, futures rallied strongly, with spot prices rising by 20-60 yuan/mt. After the closing bell, the easing of Sino-US tariff tensions boosted market sentiment, leading to excellent post-market trading. The daily trading volume increased on a WoW basis.
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