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Home / Metal News / [SMM HRC Daily Transactions] Futures Strengthened at the Close, Spot Transactions Plummeted to the Bottom

[SMM HRC Daily Transactions] Futures Strengthened at the Close, Spot Transactions Plummeted to the Bottom

iconJan 24, 2025 16:41
[SMM HRC Daily Trading Volume] On January 24, the daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 2,690 mt, down 1,860 mt or 40.9% MoM. Futures prices rose during the late trading session, while spot prices showed relatively small fluctuations. As the year-end approaches, the market is characterized by prices without transactions, with most traders and end-users already in holiday mode. Overall, trading volume has hit rock bottom.
[SMM HRC Daily Trading] On January 24, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 2,690 mt, down 1,860 mt (-40.9%) MoM. Futures prices surged during the late session, while spot prices remained relatively stable. As the year-end approaches, the market saw prices without transactions, with most traders and end-users already in holiday mode. Overall, trading has hit rock bottom.​ 
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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