[SMM HRC Daily Trading] On March 19, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 12,610 mt, down 1,730 mt or 12.1% day-on-day.
Futures continued a weak trend today, spot prices fell by 10-30 yuan/mt, and the market trading sentiment returned to sluggishness. Low-priced purchasing as needed dominated the market, leading to a decline in daily trading volume.
[SMM HRC Daily Trading Volume] On March 19, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 12,610 mt, a day-on-day decrease of 1,730 mt (-12.1%).
Futures continued a weak trend today, spot prices dropped by 10-30 yuan/mt, market trading sentiment turned sluggish again, and low-price purchasing as needed dominated the market, leading to a decline in daily trading volume.
