【SMM Daily Transaction Volume of Hot-rolled Coils】On August 29, the daily transaction volume of hot-rolled coils from the sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 11,200 tonnes, a daily decrease of 1,350 tonnes or 10.8%.
The futures market fluctuated, and the market was heavily wait-and-see. The downstream terminals mainly purchased based on demand, with speculative demand disappearing, resulting in weak transactions of hot-rolled coils.

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