[SMM Daily Transaction Volume of Hot-rolled Coils] On July 4, the tota

Published: Jul 4, 2024 17:31

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[SMM Daily Transaction Volume of Hot-rolled Coils] On July 4, the total daily transaction volume of hot-rolled coils in the three cities (Shanghai, Lecong, and Tianjin) sampled by SMM reached 11,120 tons, down 8,500 tons from the previous day, with a decrease of 43.3%.

In the afternoon, the futures market rally narrowed, the market trading atmosphere was weak, downstream terminals became cautious again, lacking speculative demand, and the transaction volume of hot-rolled coils was biased towards the downside.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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