SMM: Daily Trading Volume of Hot-rolled Coils Drops 13.4% Amid Market Uncertainty and Pre-Holiday Inventory Replenishment

【SMM Daily Trading Volume of Hot-rolled Coils】On September 23rd, the total daily trading volume of hot-rolled coils from the sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) reached 10,180 tonnes, a daily decrease of 1,570 tonnes or 13.4% compared to the previous day.

The futures market weakened significantly, leading to strong market uncertainty. Coupled with the fact that some downstream terminals have completed their inventory replenishment before the holiday, the trading of hot-rolled coils was relatively poor.