[SMM Daily Transaction Volume of Hot-rolled Coils] On July 16, the tot

Published: Jul 16, 2024 17:27

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[SMM Daily Transaction Volume of Hot-rolled Coils] On July 16, the total daily transaction volume of hot-rolled coils in the sample enterprises of SMM's three cities (Shanghai, Lecong, and Tianjin) reached 11,820 tons, representing a daily decrease of 1,510 tons, or -11.3%.

The futures market fluctuated, but market confidence was lacking, resulting in a poor trading atmosphere for hot-rolled coils. The downstream terminal and speculative demand decreased, leading to a relatively weak trading performance of hot-rolled coils.

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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