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MMi
[SMM HRC Daily Transactions] Futures Fluctuate and Strengthen, Spot Low-Price Transactions Are Moderate
Feb 12, 2025, at 5:48 pm
[SMM HRC Daily Trading Volume] On February 12, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 10,640 mt, up 1,050 mt or 10.9% WoW.
Futures fluctuated and strengthened today, while spot prices slightly increased. The market trading sentiment slightly improved, mainly driven by low-price rigid demand transactions, with overall performance showing a MoM increase.
[SMM HRC Daily Trading Volume] On February 12, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 10,640 mt, up 1,050 mt (+10.9%) on a daily basis.
Futures prices fluctuated upward today, while spot prices slightly increased. The market trading atmosphere slightly improved, with transactions mainly driven by low-price rigid demand. Overall performance increased slightly MoM.
