宝城期货热轧卷板周度数据-20250606

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - The supply - demand pattern of hot - rolled coils has weakened. With continuous resumption of production in plate mills, the weekly output of hot - rolled coils increased by 92,000 tons week - on - week, reaching a high for the year, and supply pressure is rising. Meanwhile, the demand for hot - rolled coils is running weakly and steadily, with the weekly apparent demand decreasing by 60,100 tons week - on - week. Although the high - frequency transactions have increased slightly, the demand resilience has weakened. The relatively positive factors are the high - level cold - rolled production and the easing of Sino - US trade risks, which still support the demand. However, the pressure caused by the intensification of downstream contradictions needs to be guarded against. In general, with supply rising and demand running weakly, the fundamentals of hot - rolled coils have weakened, inventory has started to increase, and prices are under pressure. With the easing of Sino - US trade risks and improved market sentiment, in the short - term, hot - rolled coil prices are expected to stabilize with fluctuations, and the demand performance should be monitored [6]. Group 3: Summary by Directory Supply - The weekly output of hot - rolled coils is 3.2875 million tons, with a week - on - week increase of 92,000 tons and a month - on - month increase of 92,000 tons. Compared with the same period last year, it increased by 32,300 tons. The blast furnace capacity utilization rate is 90.65%, with a week - on - week decrease of 0.04 percentage points, a month - on - month decrease of 0.04 percentage points, and an increase of 2.51 percentage points compared with the same period last year [2]. Demand - The apparent demand for hot - rolled coils is 3.2092 million tons, with a week - on - week decrease of 60,100 tons, a month - on - month decrease of 60,100 tons, and a decrease of 89,900 tons compared with the same period last year. The weekly output of cold - rolled coils is 887,600 tons, with a week - on - week increase of 7,600 tons, a month - on - month increase of 7,600 tons, and an increase of 41,200 tons compared with the same period last year [2]. Inventory - The total inventory of hot - rolled coils is 3.4064 million tons, with a week - on - week increase of 78,300 tons, a month - on - month increase of 78,300 tons, and a decrease of 742,100 tons compared with the same period last year. The in - plant inventory is 763,500 tons, with a week - on - week increase of 13,300 tons, a month - on - month increase of 13,300 tons, and a decrease of 135,500 tons compared with the same period last year. The social inventory is 2.6429 million tons, with a week - on - week increase of 65,000 tons, a month - on - month increase of 65,000 tons, and a decrease of 606,600 tons compared with the same period last year [2].