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Home / Metal News / [SMM HRC Daily Transactions] HRC Futures Declined on the First Day After the Holiday, Spot Transactions Performed Poorly
[SMM HRC Daily Transactions] HRC Futures Declined on the First Day After the Holiday, Spot Transactions Performed Poorly
Feb 5, 2025 18:10[SMM HRC Daily Trading Volume] On February 5, the daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 4,840 mt, up 2,150 mt (+79.9%) MoM.
On the first day after the holiday, futures saw a significant decline, and spot prices also followed downward. Some end-users and traders had not fully resumed work, leading to a rebound in market transactions from the bottom, though overall performance remained weak.
[SMM HRC Daily Trading Volume] On February 5, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 4,840 mt, up 2,150 mt (+79.9%) WoW.
On the first day after the holiday, futures saw a sharp decline, and spot prices also followed downward. Some end-users and traders had not fully resumed work, leading to a rebound in market transactions from the bottom, though overall performance remained poor.
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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