[SMM HRC Daily Transactions] Futures Bottom Out, Spot Reaches Peak Season Levels
[SMM HRC Daily Trading Volume] On February 17, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 21,440 mt, up 13,020 mt (+154.6%) WoW.
Futures rebounded from low levels, spot prices rose by 10-30 yuan/mt, market trading sentiment significantly improved, and end-user purchasing sentiment was excellent, with overall trading reaching peak season levels.
[SMM HRC Daily Trading Volume] On February 17, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 21,440 mt, up 13,020 mt (+154.6%) WoW.
Futures rebounded from a low level, spot prices rose by 10-30 yuan/mt, market trading sentiment significantly improved, end-user purchases were strong, and overall trading reached peak-season levels.
