【SMM Hot Rolled Daily Review: Cost Support Stable, Hot Coil Prices Slightly Up】

The spot price in the Shanghai market was around 3980 at the close today, slightly up compared to yesterday, with overall trading performance flat and end users taking a cautious stance. In the northern market, trading was moderate, with the Shenyang market seeing a moderate volume of transactions. Speculative demand from traders increased in the afternoon, while end user purchases remained cautious. In the Tangshan market, trading was moderate, with downstream end users adopting a wait-and-see attitude, and traders showing a bullish sentiment but not actively pushing for sales.