【SMM HRC Daily Trading】Futures Declined Significantly, Spot Trading Volume Decreased Sharply
【SMM HRC Daily Trading】On April 22, the total daily trading volume of HRC in SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) sample enterprises was 10,980 mt, down 5,370 mt WoW, a decrease of 32.8%.
Today, futures continued to decline, and the spot price dropped by 10-40 yuan/mt. The market trading atmosphere weakened as futures fell, and with the large trading volume yesterday, most of today's purchases were based on low-price demand, resulting in a significant WoW decrease in daily trading volume.
【SMM HRC Daily Trading】On April 22, the total daily trading volume of HRC in SMM's four-city (Shanghai, Lecong, Tianjin, Ningbo) sample enterprises was 10,980 mt, down 5,370 mt or 32.8% MoM.
Futures declined throughout the day, and spot prices fell by 10-40 yuan/mt. The market trading atmosphere weakened as futures dropped, and with the large trading volume yesterday, today's purchases were mainly based on low-price demand, resulting in a significant MoM decrease in daily trading volume.
