Core Viewpoint - The overall market for rebar is cautious, with a supply-demand imbalance persisting, leading to expectations of continued low-level consolidation in prices in the short term [1][2]. Group 1: Production and Inventory Data - As of June 26, the national rebar production increased by 56,600 tons week-on-week to 2,178,400 tons, but decreased by 269,200 tons year-on-year [1]. - Social inventory decreased by 53,500 tons week-on-week to 3,634,000 tons, and year-on-year it fell by 2,148,400 tons [1]. - Factory inventory rose by 32,800 tons week-on-week to 1,856,000 tons, with a year-on-year decrease of 207,800 tons [1]. - Rebar apparent consumption increased by 7,200 tons week-on-week to 2,199,100 tons, but decreased by 158,900 tons year-on-year [1]. Group 2: Market Dynamics - The average daily transaction volume of construction materials nationwide from Monday to Wednesday was 96,500 tons, reflecting a week-on-week decline of 0.9% [2]. - In Hangzhou, the average daily outflow of rebar was 33,000 tons, which increased by 3.45% week-on-week, while rebar inventory fell to 633,000 tons [2]. - From January to May 2025, domestic steel billet exports totaled 4,716,500 tons, representing a year-on-year increase of 305.80%, which has alleviated some supply pressure on rebar [2]. Group 3: Expert Commentary - The director of black research at Everbright Futures noted that despite the seasonal demand weakness, rebar demand has shown resilience [1]. - The recent reduction in coke prices has improved the profitability of long-process steel mills, leading to increased production enthusiasm for rebar [1]. - Overall, the market sentiment remains cautious, with expectations of continued low-level consolidation in rebar prices [2].
螺纹需求淡季现韧性 供需双弱局面不改钢价低价整理为主
Xin Hua Cai Jing·2025-06-26 06:34