[SMM HRC Daily Trading Volume] On December 19, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 13,040 mt, up 120 mt or 0.9% on a daily basis.
The futures market fluctuated downward, market trading sentiment slightly cooled, speculative demand nearly disappeared, and downstream end-users retreated to the sidelines, leading to weak HRC transactions.
[SMM HRC Daily Transactions] Trading Sentiment Slightly Cooled, HRC Transactions Remain Weak
- Dec 19, 2024, at 5:38 pm
[SMM HRC Daily Transactions] On December 19, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 13,040 mt, up 120 mt or 0.9% MoM.
The futures market fluctuated downward, with a slightly cooler trading atmosphere. Speculative demand nearly disappeared, while downstream end-users stayed on the sidelines, leading to weak HRC transactions.
