[SMM Daily Trading Volume of Hot Rolled Coils] On July 31st, the total

Published: Jul 31, 2024 17:18

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[SMM Daily Trading Volume of Hot Rolled Coils] On July 31st, the total daily trading volume of hot rolled coils at SMM's three sample enterprises (Shanghai, Lecong, and Tianjin) amounted to 13,150 tonnes, representing a daily increase of 2,830 tonnes or 27.4% compared to the previous day.

The futures market fluctuated, and the overall trading atmosphere improved. Apart from end-users procuring goods as needed, some speculative demands emerged, resulting in average trading volumes 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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