NewsFlash / Steel / [SMM Daily HRC Transaction] HRC futures rise strongly, spot cargo transaction climbs
[SMM Daily HRC Transaction] HRC futures rise strongly, spot cargo transaction climbs
iconJul 2, 2025 18:18
Source:SMM
[SMM HRC Daily Trading Volume] On July 2, the combined daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM was 15,410 mt, with a day-on-day (MoM) increase of 1,310 mt, or +9.3%. Today, futures prices surged strongly, while spot prices fluctuated rangebound by 10-20 yuan/mt. Market expectations strengthened, with some entering into calendar spread positions. End-users also actively purchased spot cargo, and daily trading performance strengthened on a MoM basis.

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