SMM Hot Coil Daily Review: Intense Rain and Snow Weather Limits Resource Transportation in Many Areas

Today, the price in the East China market is running weakly compared to the previous day. The closing price in the Shanghai market is around 3920-3930, with overall trading performance being average. The recent rainy and snowy weather has led to a decrease in resource transportation capacity. In the South China region, the closing price in Lecong market is 4000-4010, a decrease of 10 yuan/ton compared to yesterday. Today's trading has significantly cooled down, with overall trading being average. Many traders are holding back on selling at low prices, and low-priced transactions are slightly better. Today, the overall trading in the northern market has weakened. The spot price in Tangshan is 3920 at the closing, temporarily stable, with traders showing a strong willingness to hold prices and reduced transactions. The spot price in Shenyang is 3880 at the closing, a decrease of 20 yuan/ton compared to the previous day, with fewer transactions affected by the drag of futures.