[SMM HRC Daily Trading Volume] On January 22, the daily trading volume of HRC samples from four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 4,960 mt, down 2,650 mt or 34.8% MoM.
The futures market fluctuated, while spot prices dropped by 10-30 yuan/mt. As the year-end approaches, market trading sentiment has turned sluggish, with most traders and end-users entering holiday mode. Overall, trading has hit rock bottom.
[SMM HRC Daily Trading] On January 22, the daily trading volume of HRC from SMM's four sampled cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 4,960 mt, down 2,650 mt or 34.8% MoM.
The futures market fluctuated, spot prices dropped by 10-30 yuan/mt. As the year-end approaches, market trading sentiment remained sluggish, with most traders and end-users already entering holiday mode. Overall, trading hit rock bottom.
