NewsFlash / Steel / Daily Trading Volume of Hot-Rolled Coils Drops 24.1% Post-Holiday, Market Sentiment Cools
Daily Trading Volume of Hot-Rolled Coils Drops 24.1% Post-Holiday, Market Sentiment Cools
iconOct 8, 2024 17:33
Source:SMM
[SMM Daily Trading Volume of Hot-rolled Coils] On October 8, the daily trading volume of hot-rolled coils from sample enterprises in SMM's four major cities (Shanghai, Lecong, Tianjin, and Ningbo) totaled 10,300 tonnes, representing a day-on-day decrease of 3,270 tonnes or 24.1%. On the first trading day after the holiday, futures prices first rose and then fell, cooling the market trading sentiment. End-users resumed a wait-and-see attitude, leading to weaker trading of hot-rolled coils.

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