SMM Hot Coil Daily Review: First RRR Cut of the New Year! Short-term hot coil prices are prone to rise but resistant to fall?

The spot price in the Shanghai market was around 4040-4050 at the end of the day, with overall transaction performance being moderate. High-priced transactions were weak, and some businesses lowered prices to ship goods. The closing price in Lecong market was 4100-4110, with moderate overall transactions. The rise in prices helped spot transactions, but low-price transactions still dominated. Overall transactions in the northern market were moderate, with moderate transactions in the Shenyang market and weak end demand, but trading speculation by merchants was still acceptable. The Tangshan market had moderate transactions, with many traders engaging in low-price speculation and weak purchasing intentions from the end market nearing the holiday.