【SMM Hot Rolled Coil Daily Review: Terminal pre-holiday inventory near

Published: Jan 26, 2024 17:36

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【SMM Hot Rolled Coil Daily Review: Terminal pre-holiday inventory nears end, hot-rolled coil prices expected to continue narrow fluctuations next week】

The spot price in the Shanghai market was around 4070 at the close of the day, with overall transactions being ordinary, and the release of demand mainly from futures and spot transactions. Terminal purchases are nearing their end. The closing price in the Lecong market was 4110-4120, with overall transactions being sluggish, with occasional purchases by terminal retailers. Today's transactions in the northern market were relatively weak, with the Shenyang market being quiet and traders showing a heavy wait-and-see attitude. The Tangshan market also saw weak transactions, with poor enthusiasm for terminal purchases and unfavorable trading and shipping conditions for traders.

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