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[SMM Daily HRC Trading Volume] Production Restrictions Rumors Resurface, Spot Trading Volume Falls Short of Expectations
Apr 27, 2025, at 5:58 pm
【SMM HRC Daily Trading Volume】On April 27, the combined daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) tracked by SMM was 10,860 mt, down 1,060 mt or 8.9% day-on-day.
There was no futures guidance today. Spot prices initially surged significantly, followed by a slight correction in the afternoon. The night session on Friday saw a strong rally, but the wait-and-see sentiment among end-users remained severe. Market trading volume fell short of expectations, with daily trading volume fluctuating rangebound on a daily basis.
[SMM Daily HRC Trading Volume] On April 27, the combined daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) tracked by SMM was 10,860 mt, a decrease of 1,060 mt or 8.9% day-on-day (DoD).
With no futures guidance today, spot prices initially surged significantly, followed by a slight correction in the afternoon. The night session on Friday saw a strong rally, but end-users remained cautious, with market trading falling short of expectations. The daily trading volume fluctuated rangebound on a DoD basis.
