SMM Hot Rolled Coil Daily Review: Fundamental contradictions not obvious, short-term hot coil prices continue to oscillate on the strong side

The spot price in the Shanghai market was around 4070 at the end of the day, with moderate overall trading performance and strong cautious attitude from end users. In the Lecong market, the spot price at the end of the day was 4110-4120, with moderate overall trading and mainly on-demand purchases at the terminal storefront. Today's northern market transactions were mixed, with sluggish transactions in the Shenyang market and heavy wait-and-see sentiment among traders, with more cautious purchases before the holiday. The Tangshan market transactions were mixed, with some traders selling at lower prices but with limited transactions, and end-user purchases remained cautious.