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Home / Metal News / [SMM HRC Daily Transactions] Futures Market Remains Weak, HRC Transactions Sluggish

[SMM HRC Daily Transactions] Futures Market Remains Weak, HRC Transactions Sluggish

iconJan 8, 2025 17:09
Source:SMM
[SMM HRC Daily Trading Volume] On January 8, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 11,040 mt, down 40 mt or 0.40% MoM. The futures market continued its weak trend for several days, with a sluggish trading atmosphere in the market. End-users mainly restocked on demand, while winter stockpiling demand remained difficult to release. Overall trading volume fluctuated rangebound on a MoM basis.

[SMM HRC Daily Trading Volume] On January 8, the daily trading volume of HRC from SMM's four-city (Shanghai, Lecong, Tianjin, Ningbo) sample enterprises totaled 11,040 mt, down 40 mt or 0.40% on a daily basis.

The futures market continued its weak trend for several days, with a sluggish trading atmosphere in the market. End-users mainly restocked on demand, while winter stockpiling demand remained unreleased. Overall trading volume fluctuated rangebound on a MoM basis.

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