[SMM HRC Daily Trading Volume] On January 20, the daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 7,600 mt, down 4,170 mt (-35.4%) MoM.
The futures market fluctuated downward, while the spot price rose by 10 yuan/mt. As the year-end approaches, many traders and end-users in South China have entered holiday mode, selling sporadically. Overall, trading activity has weakened significantly.
[SMM HRC Daily Trading Volume] On January 20, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 7,600 mt, down 4,170 mt or 35.4% MoM.
The futures market fluctuated downward, while the spot price rose by 10 yuan/mt. As the year-end approaches, many traders and end-users in South China have entered holiday mode, selling sporadically. Overall, trading activity has weakened significantly.
