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Home / Metal News / [SMM HRC Daily Transactions] Futures Remain Weak, Spot Transactions Show No Significant Decline

[SMM HRC Daily Transactions] Futures Remain Weak, Spot Transactions Show No Significant Decline

iconFeb 24, 2025 18:01
[SMM HRC Daily Trading Volume] On February 24, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 14,180 mt, down 420 mt or 2.9% from the previous day. Futures continued the downward trend from Friday's night session, and spot prices mostly dropped by 30-40 yuan/mt. Although both futures and spot prices declined, end-user purchase demand remained moderate, with overall trading volume only slightly down MoM.

[SMM HRC Daily Trading Volume] On February 24, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 14,180 mt, down 420 mt or 2.9% on a daily basis.

Futures continued the decline from Friday's night session, and spot prices mostly dropped by 30-40 yuan/mt. Although both futures and spot prices fell, end-user purchase demand was moderate, and overall trading volume only slightly decreased MoM.

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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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