[SMM HRC Daily Transactions] Futures First Declined Then Rebounded, Spot Transactions Significantly Affected by Holiday Effect

Published: Jan 21, 2025 17:43

Save

[SMM HRC Daily Trading Volume] On January 21, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 7,610 mt, up 10 mt or 0.1% MoM. The futures market first declined and then rebounded, while spot prices remained mostly stable. As the year-end approaches, market trading sentiment was sluggish, with many traders and end-users already entering holiday mode. Overall, trading activity was relatively weak.

[SMM HRC Daily Trading Volume] On January 21, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 7,610 mt, up 10 mt or 0.1% MoM.

The futures market first declined and then rebounded, while spot prices remained mostly stable. As the year-end approaches, market trading sentiment was sluggish, with many traders and end-users already entering holiday mode. Overall, trading activity was weak.

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

14 mins ago

Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]

14 mins ago

58 mins ago

[SMM coking coal and coke inventory] This week, coke inventory at coking enterprises was 449,000 mt

58 mins ago

2 hours ago

Rigid Supply Constraints Intensify Molybdenum Market Tug‑of‑War in Early September 【SMM Molybdenum Analysis】

【SMM Molybdenum Analysis 】 SMM News on September 3: In August, China’s molybdenum market maintained a tight balance characterized by relatively tight supply and support from rigid demand. Overall prices rose first and then stabilized, consolidating at highs. 45% molybdenum concentrates shot up to 5,455 yuan/mtu during August 19–25, remaining firmly in the three-year high range; this simultaneously drove spot 60% ferromolybdenum to rise, reaching a phased high of 344,000 yuan/mt on August 24–25.

2 hours ago