宝城期货螺纹钢周度数据-20250620

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints of the Report - The supply - demand pattern of rebar continues its seasonal weakness. The weekly output of rebar has increased by 4610 tons week - on - week, still at a low level in the same period. Considering the good profit per ton of the variety, there is room for an increase in the future. The positive factor is the diversion of billets, and the supply runs relatively stably. Meanwhile, the demand for rebar continues its seasonal weakness, with a slight week - on - week decline in weekly performance and low - frequency transactions. The weak demand pattern remains unchanged, continuing to suppress steel prices. Currently, supply has rebounded again while demand is weak, and the fundamentals of rebar have not improved, continuing to put pressure on steel prices. The positive factor is the low - level reduction of inventory, with little real - world contradiction. In the short term, the price will continue to oscillate at a low level. Attention should be paid to the production situation of construction steel mills [2] 3. Summary by Relevant Categories Supply - The weekly output of rebar is 2121800 tons, with a week - on - week increase of 4610 tons, a month - on - month decrease of 133300 tons, and a year - on - year decrease of 183500 tons. The blast furnace capacity utilization rate is 90.79%, with a week - on - week increase of 0.21 percentage points, a month - on - month increase of 0.10 percentage points, and a year - on - year increase of 1.03 percentage points [1] Demand - The apparent demand for rebar is 2191900 tons, with a week - on - week decrease of 7800 tons, a month - on - month decrease of 294900 tons, and a year - on - year decrease of 165800 tons. The weekly average of steel union building materials transactions is 9740 tons, with a week - on - week decrease of 220 tons, a month - on - month decrease of 430 tons, and a year - on - year decrease of 1450 tons [1] Inventory - The total inventory of rebar is 5510700 tons, with a week - on - week decrease of 70100 tons, a month - on - month decrease of 299800 tons, and a year - on - year decrease of 2245900 tons. The in - plant inventory is 1823200 tons, with a week - on - week decrease of 5700 tons, a month - on - month decrease of 41400 tons, and a year - on - year decrease of 202500 tons. The social inventory is 3687500 tons, with a week - on - week decrease of 64400 tons, a month - on - month decrease of 258400 tons, and a year - on - year decrease of 2043400 tons [1]