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

Published: Jan 21, 2025 17:43

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[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.

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