【SMM Hot Rolled Daily Review: Hot Coil Futures Shake Weakly, Spot Market Transactions Cool】

The spot price in the Shanghai market was around 4000 at the end of the day, with overall transactions performing moderately and terminal inquiries being relatively cold. The market in Lecong reported prices of 4070-4080 at the end of the day, with overall transactions trending weakly. Resources lacking in specifications sold relatively well, while other transactions were weak. Today, transactions in the northern market were weak, especially in the Shenyang market where downstream terminals and traders were cautious, although traders had a decent mindset and a certain willingness to support prices. Transactions in the Tangshan market were moderate, with some traders making acceptable low-price transactions and downstream terminals making purchases as needed.