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宝城期货热轧卷板周度数据-20250822
Bao Cheng Qi Huo·2025-08-22 01:54

Report Investment Rating - No investment rating information provided Core View - The supply and demand of hot-rolled coils are both rising. The demand shows good resilience, which supports the price. However, the fundamentals have not improved under the high supply pattern. The relative positives are cost increase and production restriction disturbances. It is expected that the price of hot-rolled coils will continue to fluctuate and rise. Attention should be paid to the demand performance [8] Summary by Directory Supply - The weekly output of hot-rolled coils is 325.24 tons, with a week-on-week increase of 9.65 tons and a month-on-month increase of 2.45 tons compared with the end of last month. The output has rebounded from a low level to a new high this year. The blast furnace capacity utilization rate is 90.25%, with a week-on-week increase of 0.03% and a month-on-month increase of 0.01% compared with the end of last month, and a year-on-year increase of 5.95% [2] Demand - The apparent demand for hot-rolled coils is 321.27 tons, with a week-on-week increase of 6.52 tons and a month-on-month increase of 1.27 tons compared with the end of last month, and a year-on-year increase of 2.68 tons. The weekly output of cold-rolled coils is 86.08 tons, with a week-on-week decrease of 0.11 tons and a month-on-month decrease of 1.10 tons compared with the end of last month, and a year-on-year increase of 3.31 tons [2] Inventory - The total inventory of hot-rolled coils is 361.44 tons, with a week-on-week increase of 3.97 tons and a month-on-month increase of 13.49 tons compared with the end of last month, and a year-on-year decrease of 80.77 tons. The in-plant inventory is 78.89 tons, with a week-on-week decrease of 1.09 tons and a month-on-month decrease of 0.41 tons compared with the end of last month, and a year-on-year decrease of 13.29 tons. The social inventory is 282.55 tons, with a week-on-week increase of 5.06 tons and a month-on-month increase of 13.90 tons compared with the end of last month, and a year-on-year decrease of 67.48 tons [2]