[SMM HRC Daily Transactions] Downstream Enters Holiday Mode, Spot Transactions Decrease Significantly

Published: Jan 20, 2025 17:33

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[SMM HRC Daily Trading Volume] On January 20, the daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 7,600 mt, down 4,170 mt (-35.4%) MoM. The futures market fluctuated downward, while the spot price rose by 10 yuan/mt. As the year-end approaches, many traders and end-users in South China have entered holiday mode, selling sporadically. Overall, trading activity has weakened significantly.

[SMM HRC Daily Trading Volume] On January 20, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 7,600 mt, down 4,170 mt or 35.4% MoM.

The futures market fluctuated downward, while the spot price rose by 10 yuan/mt. As the year-end approaches, many traders and end-users in South China have entered holiday mode, selling sporadically. Overall, trading activity has weakened significantly.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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