[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.
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