[SMM Daily Transaction of Hot-rolled Coils] On July 15, the total dail

Published: Jul 15, 2024 17:25

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[SMM Daily Transaction of Hot-rolled Coils] On July 15, the total daily trading volume of hot-rolled coils in the sample enterprises of SMM's three cities (Shanghai, Lecong, and Tianjin) reached 13,330 tons, representing a daily increase of 1,100 tons, or 9.0%.

In the morning, the futures market showed a strong trend, and the market trading atmosphere was decent, with demand being released. However, in the afternoon, the upward momentum narrowed, and downstream market participants resumed a wait-and-see attitude, resulting in a general trading situation of hot-rolled coils throughout the day.

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