SMM Hot Coil Daily Review: News impact intensifies, intraday futures fluctuate widely

The spot price in the Shanghai market was around 3960 at the end of the day, down from yesterday, with overall moderate trading volume. There was significant price volatility during the day, and the market was filled with a wait-and-see sentiment. In the Lecong market, the end-of-day price was 4010-4020, and overall trading was moderate. Some traders were affected by delayed arrivals from steel mills, resulting in basically no transactions. Today's trading in the northern market was moderate, with transactions in Shenyang deviating and overall weak downstream demand, leading to a strong wait-and-see sentiment in the market. The Tangshan market saw moderate trading, with a relatively high downstream price pressure and acceptable transactions at lower prices.