Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-08-12 09:12Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report - On Tuesday, the HC2510 contract continued to rise. Macroscopically, the joint statement of the China-US economic and trade talks in Stockholm announced the suspension of the 24% tariff for 90 days starting from August 12, 2025. On the supply side, the production restrictions in Tangshan affected market sentiment, and the sharp rise in furnace materials supported steel prices from the cost side. Technically, the 1-hour MACD indicator of the HC2510 contract showed that DIFF and DEA were rising upwards, and the red bars were expanding. Operationally, it is recommended to be bullish with oscillations, paying attention to rhythm and risk control [2]. 3. Summary by Related Catalogs 3.1 Futures Market - HC main contract closing price: 3,484 yuan/ton, up 19 yuan [2]. - HC main contract open interest: 1,381,560 lots, up 6,551 lots [2]. - HC contract top 20 net positions: -48,510 lots, down 4,583 lots [2]. - HC10 - 1 contract spread: 6 yuan/ton, up 2 yuan [2]. - HC Shanghai Futures Exchange warehouse receipt: 79,286 tons, up 8,925 tons [2]. - HC2510 - RB2510 contract spread: 226 yuan/ton, up 11 yuan [2]. - Hangzhou 4.75 hot-rolled coil: 3,530 yuan/ton, up 20 yuan [2]. - Guangzhou 4.75 hot-rolled coil: 3,490 yuan/ton, up 10 yuan [2]. - Wuhan 4.75 hot-rolled coil: 3,500 yuan/ton, up 10 yuan [2]. - Tianjin 4.75 hot-rolled coil: 3,460 yuan/ton, up 20 yuan [2]. - HC main contract basis: 46 yuan/ton, up 1 yuan [2]. - Hangzhou hot-rolled coil - rebar spread: 110 yuan/ton, up 10 yuan [2]. 3.2 Upstream Situation - Qingdao Port 61.5% PB fine ore: 782 yuan/wet ton, up 6 yuan [2]. - Hebei quasi-primary metallurgical coke: 1,535 yuan/ton, unchanged [2]. - Tangshan 6 - 8mm scrap steel: 2,250 yuan/ton, unchanged [2]. - Hebei Q235 billet: 3,120 yuan/ton, up 20 yuan [2]. - 45 - port iron ore inventory: 137.1227 million tons, up 0.5437 million tons [2]. - Sample coking plant coke inventory: 443,600 tons, down 19,200 tons [2]. - Sample steel mill coke inventory: 6.193 million tons, down 74,800 tons [2]. - Hebei billet inventory: 1.1536 million tons, up 43,400 tons [2]. 3.3 Industry Situation - 247 steel mills' blast furnace operating rate: 83.77%, up 0.29 percentage points [2]. - 247 steel mills' blast furnace capacity utilization rate: 90.07%, down 0.15 percentage points [2]. - Sample steel mill hot-rolled coil output: 3.1489 million tons, down 79,000 tons [2]. - Sample steel mill hot-rolled coil capacity utilization rate: 80.44%, down 2.02 percentage points [2]. - Sample steel mill hot-rolled coil factory inventory: 778,800 tons, down 14,200 tons [2]. - 33 - city hot-rolled coil social inventory: 2.7875 million tons, up 101,000 tons [2]. - Domestic crude steel output: 83.18 million tons, down 3.36 million tons [2]. - Steel net export volume: 9.384 million tons, up 0.174 million tons [2]. 3.4 Downstream Situation - Automobile production: 2.591 million vehicles, down 203,100 vehicles [2]. - Automobile sales: 2.593 million vehicles, down 311,500 vehicles [2]. - Air conditioners: 28.3831 million units, down 1.0969 million units [2]. - Household refrigerators: 9.0474 million units, up 0.5374 million units [2]. - Household washing machines: 9.5079 million units, up 0.0959 million units [2]. 3.5 Industry News - Nine departments including the Ministry of Finance and the People's Bank of China issued the Implementation Plan for the Loan Interest Subsidy Policy for Service Industry Business Entities. Eligible loans can enjoy the interest subsidy policy, which is issued by the handling banks to business entities in 8 consumption - related service industries such as catering, accommodation, health, elderly care, childcare, housekeeping, cultural entertainment, tourism, and sports [2]. - The National Mine Safety Administration will hold a special press conference on the new version of the Coal Mine Safety Regulations at 10:00 am on August 13 to introduce the background, principles, significance, and main revised contents of the regulations and respond to media concerns [2].