SMM Hot Rolling Daily: Mainstream Cities' Inventories Continue to Decline, Futures Market Fluctuates Upward

The spot price in Shanghai market was around 4030 at the close, with overall transactions performing averagely; the spot price in Zhangjiagang market was around 4040-4050 at the close, with the majority of transactions concentrated at 4040-4045 yuan, and the market receiving transactions noticeably decreased; the spot price in Wuxi market was 4060-4080 yuan at the close, with a bleak willingness to inquire terminally. The spot price at Lecong market was 4100-4120 at the close, with overall transactions performing averagely, and resources lacking in specifications could be traded at a premium, though overall supply is still relatively scarce. Today's transactions in the northern market were average, among which the Shenyang market had average transactions. Traders adjusted prices as futures prices rose, but the downstream feedback was average, and terminal demand was weak. The market in Tangshan had average transactions, and the downstream terminal had a moderate willingness to purchase at low prices, with many traders negotiating prices for shipments.