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[SMM HRC Daily Transactions] Futures Continue to Rebound, Spot Transactions Face Recovery Obstacles
Feb 07, 2025, at 5:53 pm
[SMM HRC Daily Trading Volume] On February 7, the daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 8,160 mt, down 360 mt or 4.2% MoM.
Futures continued to rebound, while spot prices remained stable overall. Evidently, end-use demand had not fully recovered, making it difficult for market transactions to sustain an increase, with overall performance fluctuating rangebound on a MoM basis.
[SMM HRC Daily Transactions] On February 7, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 8,160 mt, down 360 mt or 4.2% MoM.
Futures continued to rebound, while spot prices remained stable overall. Clearly, end-use demand had not fully recovered, making it difficult for market transactions to sustain an increase, with overall performance fluctuating rangebound on a MoM basis.
