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Home / Metal News / [SMM HRC Daily Transactions] Speculative Demand Emerges, HRC Transactions Perform Well

[SMM HRC Daily Transactions] Speculative Demand Emerges, HRC Transactions Perform Well

iconDec 23, 2024 17:27
Source:SMM
[SMM HRC Daily Trading Volume] On December 23, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 17,150 mt, up 2,130 mt (+14.2%) DoD. The futures market fluctuated, reversing the downward trend of HRC. The market trading sentiment was moderate, with end-users purchasing as needed, though some speculative demand emerged, leading to relatively good HRC transactions.

【SMM HRC Daily Trading Volume】On December 23, the daily trading volume of HRC from SMM's sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 17,150 mt, up 2,130 mt (+14.2%) MoM.
The futures market fluctuated, reversing the downward trend of HRC. The market trading sentiment was moderate, with downstream end-users purchasing as needed. However, some speculative demand emerged, leading to relatively good HRC transactions.

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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