[SMM HRC Daily Trading Volume] On January 17, the daily trading volume of HRC samples from SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 11,770 mt, down 3,420 mt or 22.5% MoM.
The futures market continued its strong rebound, and spot prices rose by 10-30 yuan/mt. As the year-end approaches, some traders have started wrapping up their work. Overall, trading has weakened, and with downstream and agents gradually taking holidays, the trend of weakening trading appears more evident.
[SMM HRC Daily Trading] On January 17, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 11,770 mt, down 3,420 mt or 22.5% MoM.
The futures market continued its strong rebound, and spot prices rose by 10-30 yuan/mt. As the year-end approaches, some traders have started wrapping up their work. Overall, trading has weakened, and with downstream and agents gradually taking holidays, a further decline in trading activity seems likely.
