Daily Trading Volume of Hot-Rolled Coils Falls 10.2% to 12,490 Tonnes Amid Market Coldness on October 11

[SMM Daily Trading Volume of Hot-rolled Coils] On October 11, the daily trading volume of hot-rolled coils from the sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, and Ningbo) totaled 12,490 tonnes, with a daily decrease of 1,240 tonnes or 10.2% compared with the previous day.

The futures market fluctuated, and the trading atmosphere in the market was relatively cold. Downstream terminals held a strong wait-and-see attitude, resulting in average trading volume of hot-rolled coils.