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MMi
[SMM HRC Daily Transactions] Futures Fluctuate and Strengthen, Spot Transactions Become Increasingly Sluggish
Jan 23, 2025, at 9:15 am
[SMM HRC Daily Trading Volume] On January 23, the daily trading volume of HRC samples from four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 4,550 mt, down 410 mt or 8.30% MoM.
The futures market slightly strengthened, and spot prices rose by 10-20 yuan/mt. As the year-end approaches, market trading sentiment has further weakened, with most traders and end-users entering holiday mode. Overall, transactions have become increasingly sluggish.
[SMM HRC Daily Trading] On January 23, the daily trading volume of HRC from SMM's four-city sample enterprises (Shanghai, Lecong, Tianjin, Ningbo) totaled 4,550 mt, down 410 mt or 8.30% MoM.
The futures market slightly strengthened, spot prices rose by 10-20 yuan/mt. As the year-end approaches, market trading sentiment further weakened, with many traders and end-users entering holiday mode. Overall, trading became increasingly sluggish.
