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Home / Metal News / [SMM HRC Daily Transactions] Futures Market Strongly Rises, Spot Transactions Reach January's Best

[SMM HRC Daily Transactions] Futures Market Strongly Rises, Spot Transactions Reach January's Best

iconJan 13, 2025 18:30
Source:SMM
[SMM HRC Daily Trading Volume] On January 11, the daily trading volume of HRC samples from four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 19,250 mt, up 3,780 mt or 24.4% MoM. The futures market showed strong upward momentum, spot prices rose by 30-40 yuan/mt, and market trading sentiment improved significantly. Some speculative and winter stockpiling demand began to emerge, leading to a notable MoM increase in overall trading volume.

[SMM HRC Daily Trading Volume] On January 11, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 19,250 mt, up 3,780 mt (+24.4%) DoD.
The futures market showed strong upward momentum, spot prices rose by 30-40 yuan/mt, and market trading sentiment improved significantly. Some speculative and winter stockpiling demand began to emerge, leading to a notable increase in overall trading volume MoM.

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