[SMM HRC Daily Trading Volume] On January 8, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 11,040 mt, down 40 mt or 0.40% MoM.
The futures market continued its weak trend for several days, with a sluggish trading atmosphere in the market. End-users mainly restocked on demand, while winter stockpiling demand remained difficult to release. Overall trading volume fluctuated rangebound on a MoM basis.
[SMM HRC Daily Trading Volume] On January 8, the daily trading volume of HRC from SMM's four-city (Shanghai, Lecong, Tianjin, Ningbo) sample enterprises totaled 11,040 mt, down 40 mt or 0.40% on a daily basis.
The futures market continued its weak trend for several days, with a sluggish trading atmosphere in the market. End-users mainly restocked on demand, while winter stockpiling demand remained unreleased. Overall trading volume fluctuated rangebound on a MoM basis.