[SMM HRC Daily Trading Volume] On January 11, the daily trading volume of HRC samples from four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 19,250 mt, up 3,780 mt or 24.4% MoM.
The futures market showed strong upward momentum, spot prices rose by 30-40 yuan/mt, and market trading sentiment improved significantly. Some speculative and winter stockpiling demand began to emerge, leading to a notable MoM increase in overall trading volume.
[SMM HRC Daily Trading Volume] On January 11, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 19,250 mt, up 3,780 mt (+24.4%) DoD.
The futures market showed strong upward momentum, spot prices rose by 30-40 yuan/mt, and market trading sentiment improved significantly. Some speculative and winter stockpiling demand began to emerge, leading to a notable increase in overall trading volume MoM.
