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【SMM HRC Daily Trading】Meeting Did Not Release Beyond-Expectation Policies, Spot HRC Trading Volume Fluctuated Rangebound
Apr 25, 2025, at 5:49 pm
【SMM HRC Daily Trading】On April 25, the total daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM was 11,920 mt, up 1,180 mt, or 12% MoM.
Today, the futures market for HRC initially rose and then fell. The spot price fluctuated rangebound. The trading atmosphere in the morning session was moderate, with increased volume at lower prices. The Politburo meeting did not release any policies beyond expectations. In the afternoon session, trading weakened again, and the daily trading volume fluctuated rangebound MoM.
【SMM HRC Daily Transaction】On April 25, the total daily transaction volume of HRC in SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) sample enterprises was 11,920 mt, up 1,180 mt, +12% MoM.
Today, the futures market for HRC rose first and then fell, the spot price fluctuated rangebound, the trading atmosphere in the morning session was moderate, with some volume at low prices, the Politburo meeting did not release any policies beyond expectations, and the trading volume weakened again in the afternoon session, with daily transactions fluctuating rangebound MoM.
