Hot-Rolled Coils Trading Volume Soars 39.1% to 16,120 Tonnes on August 26, Boosted by Futures Rally and Market Speculation

[SMM Daily Trading Volume of Hot-rolled Coils] On August 26, the total daily trading volume of hot-rolled coils among sample enterprises in the four cities covered by SMM (Shanghai, Lecong, Tianjin, and Ningbo) reached 16,120 tonnes, representing a daily increase of 4,530 tonnes or 39.1%.

The futures market surged significantly, stimulating speculative demand in the market. Coupled with traders' active shipment, the trading of hot-rolled coils was robust.