SMM Hot Coil Daily Review: Market wait-and-see sentiment is strong, intraday hot coil futures prices plummet

Today, the overall prices in the East China market have fallen to varying degrees. The trading performance in Shanghai market is mediocre, with the market primarily in a wait-and-see mode. In the South China region, the closing prices in the Lecong market are reported at 4070-4080 yuan/ton, a decrease of 40 yuan/ton from earlier in the day, with weak market transactions. Some agents have slightly higher cost prices and are showing a clear willingness to hold prices and reluctant to sell. Today, the trading prices in the Northern market have dropped significantly. The closing spot price in Tangshan is 3930 yuan/ton, a decrease of 50 yuan/ton, with strong market wait-and-see sentiment. The closing spot price in Shenyang is 3930 yuan/ton, a decrease of 40 yuan/ton, with few transactions.