[SMM Hot-rolled Steel Daily Transaction Volume] On July 5th, the total

Published: Jul 5, 2024 17:26

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[SMM Hot-rolled Steel Daily Transaction Volume] On July 5th, the total daily transaction volume of hot-rolled steel of sample enterprises in SMM's three cities (Shanghai, Lecong, and Tianjin) was 10,060 tons, a daily decline of 1,060 tons, or -9.5%.

The futures market weakened significantly, with a strong sentiment of wait-and-see among market participants. Speculative demand disappeared, and traders faced difficulties in selling their goods, leading to deviations in hot-rolled steel transactions.

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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