SMM Reports 4.5% Decline in Daily Hot Rolled Coil Transactions Despite Market Uptrend Boosting Buyer Enthusiasm

[SMM Daily Transaction Volume of Hot Rolled Coils] On September 12, the daily transaction volume of hot rolled coils among the sample enterprises in the four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 16,520 tonnes, with a day-on-day decrease of 780 tonnes, or -4.5%.

The futures market was on an upward trend, creating a heated trading atmosphere. The enthusiasm of downstream buyers significantly improved, leading to good transactions of hot rolled coils.