Report Summary 1. Report Industry Investment Rating - There is no information provided regarding the report industry investment rating. 2. Core View of the Report - The supply - demand pattern of hot - rolled coils has improved. The production of plate mills has stabilized. With decent profit per ton of the product, the supply is expected to stabilize and rebound. Meanwhile, the demand for hot - rolled coils has improved, but the improvement's sustainability is in doubt. The inventory increase has narrowed, but the fundamentals are unlikely to see substantial improvement. Due to the significant cost increase, the downside space is limited. The price of hot - rolled coils is expected to continue the volatile trend, and the production situation of steel mills should be monitored [7]. 3. Summary by Relevant Catalogs Supply - The weekly output of hot - rolled coils is 315.59 million tons, a week - on - week increase of 0.70 million tons, and a decrease of 7.20 million tons from the end of last month. Compared with the same period, it increased by 14.22 million tons. The blast furnace capacity utilization rate is 90.22%, a week - on - week increase of 0.13 percentage points, a decrease of 0.02 percentage points from the end of last month, and an increase of 0.61 percentage points compared with the same period [2]. Demand - The apparent demand for hot - rolled coils is 314.75 million tons, a week - on - week increase of 8.54 million tons, a decrease of 5.25 million tons from the end of last month, and an increase of 26.55 million tons compared with the same period. The weekly output of cold - rolled coils is 86.19 million tons, a week - on - week increase of 0.14 million tons, a decrease of 0.99 million tons from the end of last month, and an increase of 6.05 million tons compared with the same period [2]. Inventory - The total inventory of hot - rolled coils is 357.47 million tons, a week - on - week increase of 0.84 million tons, an increase of 9.52 million tons from the end of last month, and a decrease of 93.06 million tons compared with the same period. The in - plant inventory is 79.98 million tons, a week - on - week increase of 2.10 million tons, an increase of 0.68 million tons from the end of last month, and a decrease of 11.90 million tons compared with the same period. The social inventory is 277.49 million tons, a week - on - week decrease of 1.26 million tons, an increase of 8.84 million tons from the end of last month, and a decrease of 81.16 million tons compared with the same period [2].
宝城期货热轧卷板周度数据-20250815
Bao Cheng Qi Huo·2025-08-15 07:01