Group 1 - The domestic futures market for black metals is experiencing a downward trend, with hot-rolled coil futures showing a decline of 0.87% [1] - Current high supply levels are leading to insufficient demand for steel, resulting in inventory pressure and a negative feedback loop [1] - Despite the pressure, there are rumors of potential price increases for coke, supported by raw material replenishment needs due to high-speed rail production and the upcoming National Day holiday [1] Group 2 - Hot-rolled production has slightly decreased by 23,000 tons week-on-week, but remains at high levels due to maintenance at steel mills in North China [2] - Inventory has increased slightly amid high supply, and downstream construction sites are expected to halt operations as the National Day holiday approaches, reducing replenishment demand [2] - Strategies suggested include focusing on arbitrage opportunities between rebar and hot-rolled coil, and considering low-position buying opportunities during market corrections [2]
负反馈压力在不断积蓄 热卷行情呈现震荡下行走势
Jin Tou Wang·2025-09-28 07:02