SMM Daily Hot-Rolled Coil Transaction Volume Rises 3.4% on Oct 28

**[SMM Daily Transaction Volume of Hot-Rolled Coils] On October 28th, the combined daily transaction volume of hot-rolled coils among sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 14,880 tonnes, with a daily increase of 490 tonnes (+3.4% day-on-day).**

The futures market exhibited a tendency of strength, fostering a positive trading atmosphere. However, speculative demand remained the primary driver, while downstream terminals mostly purchased based on their needs. Overall, transactions of hot-rolled coils were satisfactory.