[SMM HRC Daily Transactions] Futures First Declined Then Rebounded, Spot Transactions Remained at High Levels
[SMM HRC Daily Trading] On February 27, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 19,650 mt, down 16,300 mt day-on-day, -7.70%.
Today, futures first declined and then rebounded, while spot prices remained generally stable. The market trading sentiment was moderate, with demand steadily released. Overall trading remained at a high level, and subsequent transactions are expected to fluctuate rangebound.
[SMM HRC Daily Transactions] On February 27, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 19,650 mt, a day-on-day decrease of 16,300 mt, down by 7.70%.
Today, futures first declined and then rebounded, while spot prices remained generally stable. The market trading atmosphere was moderate, with demand steadily released. Overall transactions remained at a high level, with subsequent transactions expected to fluctuate rangebound.
