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[SMM HRC Daily Transactions] Futures First Declined Then Rebounded, Spot Low-Price Transactions Showed Moderate Performance
Feb 10, 2025, at 5:52 pm
[SMM HRC Daily Trading] On February 10, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 11,330 mt, up 3,500 mt (+44.7%) MoM.
Futures prices first declined and then rebounded today, while spot prices slightly dropped by 10 yuan/mt. The low-price transactions in the South China market showed moderate performance, with end-use demand recovering earlier than in other markets, and overall performance significantly increased MoM.
[SMM HRC Daily Trading Volume] On February 10, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 11,330 mt, up 3,500 mt (+44.7%) MoM.
Futures prices initially declined but later rebounded, while spot prices slightly decreased by 10 yuan/mt. In the South China market, low-price transactions showed moderate performance, with end-use demand recovering earlier than in other markets, and overall performance increased significantly MoM.
