[SMM HRC Daily Transactions] Futures Continue Weak Trend, Spot Transactions Show Reduced Resonance

Feb 25, 2025, at 9:40 am

[SMM HRC Daily Trading Volume] On February 25, the daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 12,760 mt, down 1,420 mt or 10.0% on a daily basis. Futures remained weak today, and spot prices mostly dropped by 30-40 yuan/mt. With continuous declines in futures prices, end-user purchasing willingness decreased, and overall trading volume slightly weakened MoM.

[SMM HRC Daily Trading Volume] On February 25, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 12,760 mt, down 1,420 mt or 10.0% day-on-day. Futures remained weak today, spot prices mostly fell by 30-40 yuan/mt, and HRC futures continued to decline. End-user purchase willingness decreased, and overall trading volume slightly weakened MoM.

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[SMM HRC Daily Transactions] Futures Continue Weak Trend, Spot Transactions Show Reduced Resonance

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