铜市周周递

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoints - This week, the apparent demand for rebar continued to decline, production decreased synchronously, and inventory continued to decline. The supply and demand of hot-rolled coils both decreased, inventory declined slowly, and pressure still needs to be alleviated. Attention should be paid to the marginal changes in off-season demand [1]. 3) Summary by Relevant Catalog Weekly Production - Total production of five major varieties was 806.22 tons, a week-on-week decrease of 22.73 tons [1]. - Rebar production was 178.78 tons, a week-on-week decrease of 10.53 tons [1]. - Wire rod production was 75.74 tons, a week-on-week decrease of 4.27 tons [1]. - Hot-rolled coil production was 308.71 tons, a week-on-week decrease of 5.60 tons [1]. - Medium plate production was 156.68 tons, a week-on-week decrease of 3.12 tons [1]. Inventory - Total inventory of five major varieties was 1332.09 tons, a week-on-week decrease of 33.50 tons [1]. - Rebar total inventory (factory inventory + social inventory in 35 cities) decreased [1]. - Factory inventory was 390.36 tons, a week-on-week increase of 3.31 tons [1]. - Social inventory was 941.73 tons, a week-on-week decrease of 36.81 tons [1]. Consumption - Total weekly consumption of five major varieties (excluding imports and exports) was 839.72 tons, a week-on-week decrease of 24.45 tons [1]. - Rebar weekly apparent consumption decreased [1]. - Hot-rolled coil monthly apparent consumption data was presented in the chart [1].