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[SMM HRC Daily Transactions] HRC Futures Declined on the First Day After the Holiday, Spot Transactions Performed Poorly
Feb 05, 2025, at 6:10 pm
[SMM HRC Daily Trading Volume] On February 5, the daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 4,840 mt, up 2,150 mt (+79.9%) MoM.
On the first day after the holiday, futures saw a significant decline, and spot prices also followed downward. Some end-users and traders had not fully resumed work, leading to a rebound in market transactions from the bottom, though overall performance remained weak.
[SMM HRC Daily Trading Volume] On February 5, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 4,840 mt, up 2,150 mt (+79.9%) WoW.
On the first day after the holiday, futures saw a sharp decline, and spot prices also followed downward. Some end-users and traders had not fully resumed work, leading to a rebound in market transactions from the bottom, though overall performance remained poor.
