SMM Steel Market Wrap: Futures Fluctuate, Spot Market Seeks Rationality Amid Moderate Trading

Published: Oct 11, 2024 07:40

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[SMM Steel Morning Meeting Summary: Futures Rise and Fall, and Spot Returns to Rationality?] Yesterday's hot-rolled coil futures market was mainly characterized by weak volatility, closing at 3578 in the afternoon, with a decrease of 0.89%. Futures prices rose slightly in the morning session, and the market trading atmosphere was still acceptable. However, in the afternoon, prices fell, and many downstream buyers left the market to wait and see. Throughout the day, hot-rolled coil transactions were moderately low...

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