【SMM Hot Roll Daily Transaction】On May 20th, the total daily trading volume of hot rolls of SMM’s three-city (Shanghai, Lechong, Tianjin) sample enterprises was 14,740 tons, with a daily link relative decrease of -910 tons, -5.8%.

The futures market continued to rise, but downstream demand for observation was strong, waiting for further policy efforts. In addition, the downstream purchasing demand has been released last week, and the market transaction atmosphere is moderate, and the transaction of hot rolls is generally good.