Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The supply and demand of hot-rolled coils have changed, with inventory destocking narrowing. The production of plate mills has stabilized. The weekly output of hot-rolled coils has increased by 38,000 tons week-on-week, rising again and remaining at a relatively high level. The inventory level is high, and the supply pressure persists. The demand for hot-rolled coils shows some resilience, with the weekly apparent demand increasing slightly week-on-week, mainly due to the high output of downstream cold-rolled products. However, the accumulation of contradictions needs to be guarded against, and the external export demand is average. The demand resilience needs further tracking. Currently, both supply and demand of hot-rolled coils remain at a high level, and the fundamentals are weakly stable. However, there are concerns about demand. If the demand weakens, it may intensify industrial contradictions, and the price is likely to be under pressure. The positive factor is that the commodity sentiment is good, and it is expected that the price will continue to fluctuate. Attention should be paid to the demand performance [2][3] 3. Summary According to the Relevant Catalog Supply - The weekly output of hot-rolled coils is 3.0921 million tons, a week-on-week increase of 38,000 tons, a monthly increase of 47,000 tons compared to the end of last month, and a year-on-year increase of 53,200 tons compared to the same period (lunar calendar). The blast furnace capacity utilization rate is 85.47%, a week-on-week decrease of 0.04 percentage points, a monthly increase of 0.21 percentage points compared to the end of last month, and a year-on-year increase of 1.23 percentage points compared to the same period (lunar calendar). The weekly output of cold-rolled coils is 884,200 tons, a week-on-week decrease of 100 tons, a monthly increase of 20,500 tons compared to the end of last month, and a year-on-year increase of 34,800 tons compared to the same period (lunar calendar) [2] Demand - The apparent demand for hot-rolled coils is 3.1141 million tons, a week-on-week increase of 14,500 tons, a monthly increase of 6,400 tons compared to the end of last month, and a year-on-year increase of 103,300 tons compared to the same period (lunar calendar) [2] Inventory - The total inventory of hot-rolled coils is 3.5558 million tons, a week-on-week decrease of 22,000 tons, a monthly decrease of 153,800 tons compared to the end of last month, and a year-on-year increase of 456,700 tons compared to the same period (lunar calendar). The in-plant inventory is 772,500 tons, a week-on-week increase of 6,100 tons, a monthly decrease of 50,700 tons compared to the end of last month, and a year-on-year increase of 1,000 tons compared to the same period (lunar calendar). The social inventory is 2.7833 million tons, a week-on-week decrease of 28,100 tons, a monthly decrease of 103,100 tons compared to the end of last month, and a year-on-year increase of 455,700 tons compared to the same period (lunar calendar) [2]
热轧卷板周度数据（20260130）-20260130
Bao Cheng Qi Huo·2026-01-30 01:53