铜市周周谈

1. Report Industry Investment Rating - No relevant content provided. 2. Core View of the Report - This week, the apparent demand for rebar continued to decline, production remained stable in the short - term, and inventory continued to accumulate. The demand and production of hot - rolled coils both increased slightly, inventory continued to decline, and the pressure was gradually relieved. Attention should be paid to the marginal changes in off - season demand [1]. 3. Summary by Relevant Catalog 3.1 Production - The total weekly production of steel products was 823.17 tons, with a week - on - week increase of 3.58 tons. Among them, rebar production was 199.83 tons (up 0.28 tons week - on - week), wire rod production was 76.41 tons (up 1.28 tons week - on - week), hot - rolled coil production was 309.21 tons (up 3.80 tons week - on - week), cold - rolled coil production was 92.25 tons, medium - plate production was 149.30 tons (down 1.77 tons week - on - week) [1]. 3.2 Inventory - The total factory inventory was 387.78 tons, with a week - on - week decrease of 0.84 tons. The total social inventory was 890.73 tons, with a week - on - week increase of 22.27 tons. The combined factory and social inventory was 1278.51 tons, with a week - on - week increase of 21.43 tons [1]. 3.3 Consumption - The weekly consumption of steel products (excluding imports and exports) was 801.74 tons, with a week - on - week decrease of 7.78 tons [1].