螺纹热卷等多品种：成材震荡、铁矿转弱、煤焦有别

Group 1 - The core viewpoint of the article indicates that the futures market for rebar, hot-rolled coils, iron ore, and coking coal is experiencing fluctuations, with recent support from a phone call between Chinese and U.S. leaders, while there is no expectation of large-scale domestic stimulus policies [1] - Rebar production has decreased month-on-month due to production shifts, maintenance, and a decline in electric furnace operations, which may affect future production as electric furnaces face losses [1] - Total inventory has decreased month-on-month, but the rate of decline has slowed, indicating weaker demand expectations in the future [1] Group 2 - Hot-rolled coil production has increased month-on-month and is expected to continue rising, although total inventory has seen its first accumulation, suggesting limited domestic terminal demand [1] - The price difference between hot and cold rolled coils is low, which suppresses demand [1] - Iron ore futures showed a weak trend, with the September contract closing at 701, down 0.50%, but strengthened in the night session due to positive signals from the U.S.-China dialogue [1] Group 3 - Coking coal futures rebounded, with the September contract closing at 789.5, up 4.64%, influenced by macroeconomic dialogues and production cut speculation [1] - Supply from domestic coal has decreased, while demand from downstream sectors remains stable, leading to a mixed outlook for prices [1] - Coking coal prices are expected to face significant pressure from hedging as supply remains strong while demand weakens [1] Group 4 - Coking prices showed a slight rebound, with the September contract closing at 1363.5, up 1.64%, amid low downstream inventory and just-in-time purchasing from steel mills [1] - The supply side remains stable with a slight decrease in production, while total inventory is accumulating [1] - The market for coking coal is expected to follow the fluctuations of coal prices and finished products, with a potential for a fourth round of price reductions [1] Group 5 - The article notes that coal prices are expected to stabilize in the early to mid-month, but the upward potential is limited due to various market factors [1] - The demand for non-electricity usage is stable with a slight decrease, while power plants are slowing down inventory accumulation [1] - Seasonal increases in residential demand are anticipated due to weather changes, which may affect coal prices [1]