[SMM HRC Daily Trading Volume] On January 15, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 14,620 mt, down 3,500 mt or 19.3% WoW.
The futures market continued its rebound, and spot prices rose by 10 yuan/mt. However, as the Chinese New Year approaches, market trading sentiment has cooled, with a more noticeable wait-and-see sentiment in the South China market. Overall, trading volume declined significantly.
【SMM HRC Daily Trading Volume】On January 15, the daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 14,620 mt, down 3,500 mt or 19.3% MoM.
The futures market continued its rebound, and the spot price rose by 10 yuan/mt. However, as the Chinese New Year approaches, market trading sentiment has cooled, with a more noticeable wait-and-see sentiment in the South China market. Overall, trading volume saw a significant decline.
