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

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

iconJan 21, 2025 17:43
Source:SMM
[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.

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