【SMM HRC Daily Trading】Futures continue to decline, spot trading volume continues to decrease
【SMM HRC Daily Trading】On April 8th, the total daily trading volume of HRC at sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) was 9,890 mt, with a daily decrease of -1,180 mt or -10.7%.
Futures continued to decline today, and spot prices fell by 30-50 yuan/mt. Negative sentiment still dominated the market, with only some rigid demand emerging for restocking, while other demand remained stagnant. The daily trading volume further decreased on a MoM basis.