宝城期货热轧卷板周度数据-20250613

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints - The supply - demand pattern of hot - rolled coils continues to weaken. Although steel mill maintenance has led to a decline in hot - rolled coil production (a week - on - week decrease of 41,000 tons), it remains at a high level this year. The supply pressure is difficult to relieve as steel mills mainly focus on protecting plate production. Meanwhile, the demand for hot - rolled coils is weakly stable, with the weekly apparent demand decreasing by 10,400 tons week - on - week. The high - frequency transactions have rebounded at a low level due to the high - level cold - rolled production in downstream industries, but industrial contradictions are still accumulating. The relative positive factor is the progress in Sino - US trade negotiations, which eases overseas risks. Overall, the weak supply - demand pattern of hot - rolled coils remains unchanged, with supply slightly contracting at a high level but pressure remaining, demand weakly stable, the fundamentals not improving, and inventory continuously accumulating. With the game between long and short factors, it is expected that the price of hot - rolled coils will continue to fluctuate at a low level, and attention should be paid to demand performance [7]. Group 3: Summary by Related Catalogs Supply - The weekly production of hot - rolled coils is 3,276,500 tons, a week - on - week decrease of 41,000 tons, and a decrease of 30,000 tons compared with the same period last month. The blast furnace capacity utilization rate is 90.58%, a week - on - week decrease of 0.07 percentage points and a decrease of 0.11 percentage points compared with the same period last month [2]. Demand - The apparent demand for hot - rolled coils is 3,198,800 tons, a week - on - week decrease of 10,400 tons and a decrease of 70,500 tons compared with last month. The weekly production of cold - rolled coils is 884,900 tons, a week - on - week decrease of 2,700 tons [2]. Inventory - The total inventory of hot - rolled coils is 3,454,100 tons, a decrease of 684,200 tons. The in - plant inventory is 765,300 tons, a decrease of 127,100 tons, and the social inventory is 2,688,800 tons, a decrease of 557,100 tons [2].