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宝城期货螺纹钢周度数据-20250815
Bao Cheng Qi Huo·2025-08-15 07:01

Report Summary 1) Report Industry Investment Rating - Not provided in the given content. 2) Core View of the Report - The supply - demand pattern of rebar continues to weaken. With stable production of construction steel mills, the weekly output of rebar decreased slightly, but the supply pressure is still likely to increase due to good profit per ton. Meanwhile, the demand for rebar has weakened significantly, with both weekly apparent demand and high - frequency daily transactions at low levels in recent years. The off - season fundamentals continue to deteriorate, inventory has increased substantially, and steel prices are under pressure. Although the recent cost increase limits the downward space, steel prices are expected to show a weakening trend in oscillation, and attention should be paid to the demand performance [1][2]. 3) Summary by Related Data Supply - The weekly output of rebar was 220.45 tons, a week - on - week decrease of 0.73 tons. The blast furnace capacity utilization rate was 90.22%, a week - on - week increase of 0.13 percentage points. Compared with the same period last year, the output increased by 54.08 tons, and the capacity utilization rate increased by 0.61 percentage points [1]. Demand - The weekly apparent demand for rebar was 189.94 tons, a week - on - week decrease of 20.85 tons. The weekly average of Steel Union's building materials transactions was 10.16, a week - on - week decrease of 0.18. Both are at low levels in recent years, and the off - season demand is weak, continuing to put pressure on steel prices [1][2]. Inventory - The total inventory of rebar was 587.19 tons, a week - on - week increase of 30.51 tons. The in - plant inventory was 172.26 tons, a week - on - week increase of 4.06 tons, and the social inventory was 414.93 tons, a week - on - week increase of 26.45 tons. Compared with the same period last year, the total inventory decreased by 103.37 tons, the in - plant inventory decreased by 9.25 tons, and the social inventory decreased by 94.12 tons [1].