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[SMM HRC Daily Transactions] Futures Rose First Then Fell, Spot Transactions Weakened Again
Feb 14, 2025, at 5:45 pm
[SMM HRC Daily Trading] On February 14, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 8,420 mt, down 1,250 mt or 12.9% MoM.
Futures rose initially but fell later today, while spot prices declined in the afternoon. The market trading sentiment was relatively weak, dominated by low-price rigid demand transactions, with overall trading performance further decreasing MoM.
[SMM HRC Daily Trading] On February 14, the daily trading volume of HRC samples from SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 8,420 mt, down 1,250 mt (-12.9%) MoM.
Futures rose initially but weakened later, while spot prices declined in the afternoon. Market trading sentiment was relatively weak, dominated by low-priced rigid demand transactions, with overall trading performance further decreasing MoM.
