【SMM Hot Rolled Daily Review: Black Futures Market plunges sharply, spot market transactions turn cold】

The spot price in the Shanghai market was around 4040 at the end of the day, with overall poor transaction performance and limited purchases at low prices by end users, resulting in a deviation in the willingness of traders to sell. The spot price at the Lengshuijiang market at the end of the day was 4140-4150, with overall average transactions mainly driven by on-demand purchases by end users. Today's transactions in the northern market were generally average, with the Shenyang market showing a deviation in transactions, an increased wait-and-see attitude towards end user demand, and a low enthusiasm for trading. The Tangshan market had a weak transaction, with a heavy wait-and-see attitude among end users and a weak purchasing intention.