Core Insights - The hot-rolled coil prices entered a phase of fluctuation and adjustment starting in August, with an average price drop of 46.14 yuan/ton as of August 14 compared to July 30 [1] Price Information - As of August 18, the hot-rolled coil futures main contract closed at 3419.00 yuan/ton, with a daily decline of 0.20%. The highest price reached 3455.00 yuan/ton, while the lowest was 3404.00 yuan/ton, with a trading volume of 503,900 contracts [2] Market Inventory - The total inventory of hot-rolled coils this week was 1.9654 million tons, an increase of 58,600 tons (+3.07%) compared to the previous week, covering 15 cities and 47 warehouses. In early August, the social inventory of five major steel products in 21 cities was 8.03 million tons, up 180,000 tons (+2.3%) from the previous month, and up 1.44 million tons (+21.9%) from the beginning of the year, but down 2.18 million tons (-21.4%) year-on-year [3] Regulatory Impact - On August 15, the U.S. government announced an expansion of tariffs on steel and aluminum imports, increasing tariffs to 50% on hundreds of derivative products. This expansion is expected to have a negative impact on China's indirect steel exports, leading to a forecast of weak fluctuations in the hot-rolled coil market in the short term [4]
出口存在不利影响 预计短期热卷将震荡偏弱
Jin Tou Wang·2025-08-18 08:55