【SMM Hot Rolled Coil Daily Review: Macro and Peripheral News Disturbance Expected to Cause Short-term Coil Price Range Volatility】

At the end of today's Shanghai market, the spot price is around 4070-4080, with overall transactions still acceptable, and both terminal and speculative demand are being met. The closing price in Lecong market is 4200-4210, with overall transactions still acceptable, mainly driven by on-demand purchases at terminal outlets. The Northern market's transactions are generally average, with deviation in the Shenyang market and low enthusiasm for terminal purchases, as traders are adopting a wait-and-see attitude. The Tangshan market, on the other hand, has relatively good transactions, mainly driven by traders engaging in low-price speculation, with moderate terminal purchases and some traders engaging in good transactions by selling at low prices.