【SMM Hot Rolled Daily Review: Narrow Fluctuations in Hot Coil Futures,

Published: Dec 19, 2023 17:36

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【SMM Hot Rolled Daily Review: Narrow Fluctuations in Hot Coil Futures, Flat Performance in Spot Market】

The spot price in the Shanghai market at the end of the day is around 4000, with overall trading performance being average and fewer inquiries from end users. In the Lechang market, the spot price at the end of the day is 4080-4090, with overall trading being weak and better sales for resources with specific specifications, while other trading is also weak. The northern market had average trading today, with the Shenyang market being weak and having relatively limited resources, weak downstream demand, and a weak trading atmosphere. The Tangshan market had average trading, with decent trading in the morning and gradually weakening in the afternoon, with end-users mainly purchasing according to their needs.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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