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[SMM HRC Daily Transactions] Futures Remain Weak, Spot Transactions Show No Significant Decline
Feb 24, 2025, at 6:01 pm
[SMM HRC Daily Trading Volume] On February 24, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 14,180 mt, down 420 mt or 2.9% from the previous day.
Futures continued the downward trend from Friday's night session, and spot prices mostly dropped by 30-40 yuan/mt. Although both futures and spot prices declined, end-user purchase demand remained moderate, with overall trading volume only slightly down MoM.
[SMM HRC Daily Trading Volume] On February 24, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 14,180 mt, down 420 mt or 2.9% on a daily basis.
Futures continued the decline from Friday's night session, and spot prices mostly dropped by 30-40 yuan/mt. Although both futures and spot prices fell, end-user purchase demand was moderate, and overall trading volume only slightly decreased MoM.
