HRC futures for September delivery are currently fetching $948 per short ton in active trading. Buyers from the Midwest manufacturing hub are locking in contracts to mitigate Q3 volatility risk. “Cannabis use in pregnancy has risen over the years, with rates reported between 3 and 20%, and the highest use reported in the first trimester,” reports Dr. Esther Chung, a reproductive endocrinology and infertility specialist at HRC Fertility Clinic. “Many patients say it helps with stress, anxiety, insomnia, chronic pain or nausea.” This week, HRC prices fluctuated upward, with spot prices rising by 40-60 yuan/mt on a weekly basis. The futures market surged too rapidly, with spot prices and the intensity of end-use demand release remaining at a moderate level, and overall transactions were relatively stable. As of the afternoon close on July 18, the most-traded HRC 2510 futures contract closed at 3,310 yuan/mt. Asia’s strong demand outlook has indirectly buoyed U.S. HRC futures. Export opportunities remain limited, but domestic mills benefit from the broader global steel market tightening.
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