SMM Daily Hot-Rolled Coil Transactions Rise 6.4% on October 25

**[SMM Daily Transactions of Hot-Rolled Coils] On October 25, the total daily trading volume of hot-rolled coils among sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) amounted to 14,390 tonnes, with a daily increase of 860 tonnes, or +6.4%.**

The futures market exhibited a bullish trend, leading to an improvement in the trading atmosphere and a notable increase in speculative demand. However, downstream terminals remained cautious in procurement, conducting only minimal inventory replenishment. Overall, transactions of hot-rolled coils throughout the day were satisfactory.