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SMM HRC Daily Trading Volume Declines 30.4% MoM as Futures Stabilize at Highs
May 13, 2025 17:47
May 13, 2025 17:47[SMM HRC Daily Trading Volume] Futures Consolidate at Highs, Spot Trading Volume Weakens Again
[SMM HRC Daily Trading Volume] On May 13, the combined daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM was 11,280 mt, a decrease of 4,920 mt or 30.4% MoM.
Today, futures fluctuated at highs, while spot prices fluctuated rangebound. Yesterday's market trading was extremely active, with early release of future demand from end-users. Coupled with the futures market's lack of upward momentum, the market trading atmosphere weakened, and the daily trading volume decreased MoM.
[SMM HRC Daily Trading Volume] On May 13, the combined daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM was 11,280 mt, a decrease of 4,920 mt or 30.4% MoM.
Today, futures fluctuated at highs, while spot prices fluctuated rangebound. Yesterday's market trading was extremely active, with early release of future demand from end-users. Coupled with the futures market's lack of upward momentum, the market trading atmosphere weakened, and the daily trading volume decreased MoM.
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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