[SMM HRC Daily Trading Volume] On January 21, the daily trading volume of HRC samples from four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 7,610 mt, up 10 mt or 0.1% MoM.
The futures market first declined and then rebounded, while spot prices remained mostly stable. As the year-end approaches, market trading sentiment has been sluggish, with many traders and end-users already entering holiday mode. Overall, trading activity was relatively weak.

![Preços do magnésio sobem por três sessões consecutivas! Lado dos custos segue "em brasa", enquanto o lado da demanda luta para assumir o controle [Comentário SMM]](https://imgqn.smm.cn/usercenter/EutUV20251217171724.jpeg)
![[ Canadá imporá tarifa retaliatória de 50% sobre o aço dos EUA ]](https://imgqn.smm.cn/usercenter/QMaot20251217171719.jpg)
