[SMM HRC Daily Transactions] Futures Rose First Then Fell, Spot Transactions Declined Slightly
[SMM HRC Daily Trading Volume] On March 3, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 16,020 mt, a day-on-day decrease of 2,620 mt, or 14.10%.
Today, futures rose first and then fell, with spot prices remaining stable with a weak trend. During the morning session, futures prices surged, and market transactions performed well. However, futures prices retreated in the afternoon, leading to weaker transactions. Some traders were unable to complete shipments before noon, resulting in an overall decline in trading volume.
[SMM HRC Daily Trading] On March 3, the daily trading volume of HRC samples from SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 16,020 mt, a day-on-day decrease of 2,620 mt, down 14.10%.
Today, futures rose initially but weakened later, with spot prices remaining stable with a weak trend. During the morning session, futures rallied, and market trading performed well. However, futures retreated somewhat in the afternoon, leading to weaker trading. Some traders were unable to complete shipments before noon, resulting in an overall decline in trading volume.
