[SMM HRC Daily Transactions] Limited Fluctuations in Futures, Significant Decline in Spot Transactions
- Mar 21, 2025, at 10:23 am
[SMM HRC Daily Transactions] On March 21, the combined daily HRC trading volume of sample enterprises in four SMM cities (Shanghai, Lecong, Tianjin, and Ningbo) was 11,790 mt, a decrease of 3,530 mt from the previous day, or -23.0%.
Today, futures fluctuated rangebound, and spot prices remained stable. Yesterday, market transactions increased significantly. Today, with no significant stimulus in the futures market, trading slowed down, and the daily transaction volume decreased noticeably.
【SMM HRC Daily Transactions】On March 21, the combined daily HRC transactions of sample enterprises in four cities (Shanghai, Lecong, Tianjin, and Ningbo) amounted to 11,790 mt, a day-on-day decrease of 3,530 mt, or -23.0%.
Today, HRC futures fluctuated rangebound, and spot prices remained stable. Yesterday, market transactions surged, but today's futures market lacked stimulus, leading to slower trading, with a noticeable decline in daily transactions.
