SMM Hot Coil Daily Review: Stock and futures markets are down, with lukewarm hot coil trading during the day.
The spot price in the Shanghai market was around 4050 at the end of the day, with overall trading performance showing a deviation. In the Lecong market, the end-of-day price was 4150-4170, and overall trading was weak. Currently, the market has sufficient supply, with some trading in the morning, but there was essentially no trading in the afternoon as prices fell. Trading in the northern market was weak today, with the Shenyang market particularly quiet and poor terminal demand. The Tangshan market saw moderate trading, with some traders selling at low prices and achieving moderate sales.
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