SMM Hot Rolled Daily Review: Cost Support and Contradictions in the Fundamentals Have Not Yet Intensified. Next Week, Hot Coil Prices May Run Volatile.

At the end of today, the spot price in the Shanghai market is around 4060-4070, and the overall terminal purchases are generally, with speculative demand as the main factor. In the Lecong market, the end-of-day price is 4170-4180, and the overall transaction is general, with on-demand purchasing as the main factor. Today, the northern market transactions are relatively weak, with Shenyang market transactions being weak due to weak downstream terminal demand and low enthusiasm for traders to ship goods. The transactions in the Tangshan market are relatively weak, with downstream terminals tending to purchase at low prices and traders having a better inclination to rise.