[SMM HRC Daily Transactions] Spot Transactions Show Some Recovery, But Returning to Normal Levels Will Take Time

Feb 06, 2025, at 5:55 pm

[SMM HRC Daily Trading Volume] On February 6, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 8,520 mt, up 3,680 mt or 76% MoM. Futures bottomed out today, spot prices rose slightly, market sentiment improved MoM, and spot trading continued to increase, but it will take time to return to normal levels.

[SMM Daily HRC Trading] On February 6, the daily trading volume of HRC from SMM's sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 8,520 mt, up 3,680 mt (+76%) MoM.

Futures bottomed out today, spot prices rose slightly, market sentiment improved MoM, and spot trading continued to increase, but it will take time to return to normal levels.

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[SMM HRC Daily Transactions] Spot Transactions Show Some Recovery, But Returning to Normal Levels Will Take Time

Optimistic Market Sentiment Combined with Catch-Up Demand and Supply-Side Disruptions "Fuel the Fire" to Ignite SHFE Tin's Post-Holiday Rally [SMM Commentary]

Social Inventory of Lead Ingots Maintains Growth; Focus on Macro Sentiment's Impact on Lead Futures [Lead Futures Brief Review]