| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | RB主力合约收盘价(元/吨) | 2,997.00 | +2↑ RB主力合约持仓量(手) | 2124170 | -18643↓ | | | RB合约前20名净持仓(手) | 1534 | -31792↓ RB10-1合约价差(元/吨) | -18 | -8↓ | | | RB上期所仓单日报(日，吨) | 18221 | 0.00 HC2510-RB2510合约价差(元/吨) | 126 | 0.00 | | 现货市场 | 杭州 HRB400E 20MM(理计，元/吨) | 3,150.00 | +20↑ 杭州 HRB400E 20MM(过磅，元/吨) | 3,231 | +21↑ | | | 广州 HRB400E 20MM(理计，元/吨) | 3,160.00 | +20↑ 天津 HRB400E 20MM(理计，元/吨) | 3,160.00 | +20↑ | | | RB 主力合约基差 (元/吨) | 153.00 | +18↑ 杭 ...

Group 1: Report Summary - The report is a daily report on the rebar industry chain dated June 26, 2025 [1] Group 2: Market Data Futures Market - RB main contract closing price is 2,973.00 yuan/ton, down 3 yuan; RB main contract open interest is 2,191,778 lots, up 19,178 lots [2] - RB contract top 20 net open interest is -11,769 lots, up 24,836 lots; RB10 - 1 contract spread is -5 yuan/ton, down 3 yuan [2] - RB SHFE warehouse receipt daily report is 18,221 tons, unchanged; HC2510 - RB2510 contract spread is 130 yuan/ton, up 8 yuan [2] Spot Market - Hangzhou HRB400E 20MM (theoretical weight) is 3,110.00 yuan/ton, unchanged; Hangzhou HRB400E 20MM (actual weight) is 3,190 yuan/ton, unchanged [2] - Guangzhou HRB400E 20MM (theoretical weight) is 3,140.00 yuan/ton, unchanged; Tianjin HRB400E 20MM (theoretical weight) is 3,180.00 yuan/ton, unchanged [2] - RB main contract basis is 137.00 yuan/ton, up 3 yuan; Hangzhou hot - rolled coil to rebar spot spread is 90.00 yuan/ton, unchanged [2] Upstream Situation - Qingdao Port 61.5% PB fine ore is 700.00 yuan/wet ton, down 3.00 yuan; Hebei quasi - first - grade metallurgical coke is 1,265.00 yuan/ton, unchanged [2] - Tangshan 6 - 8mm scrap steel (tax - excluded) is 2,230.00 yuan/ton, unchanged; Hebei Q235 billet is 2,910.00 yuan/ton, unchanged [2] - Domestic iron ore port inventory is 13,894.16 million tons, down 38.98 million tons; sample coking plant coke inventory is 81.12 million tons, down 6.04 million tons [2] - Sample steel mill coke inventory is 634.01 million tons, down 8.72 million tons; Tangshan billet inventory is 77.26 million tons, up 8.00 million tons [2] - 247 steel mills' blast furnace operating rate is 83.84%, up 0.45%; 247 steel mills' blast furnace capacity utilization rate is 90.81%, up 0.25% [2] Industry Situation - Sample steel mills' rebar output is 217.84 million tons, up 5.66 million tons; sample steel mills' rebar capacity utilization rate is 47.75%, up 1.25% [2] - Sample steel mills' rebar inventory is 185.60 million tons, up 3.28 million tons; 35 - city rebar social inventory is 363.40 million tons, down 5.35 million tons [2] - Independent electric arc furnace steel mill operating rate is 67.71%, down 2.08%; domestic crude steel output is 8,655 million tons, up 53 million tons [2] - China's rebar monthly output is 1,730 million tons, up 42 million tons; steel net export volume is 1,010.00 million tons, up 16.00 million tons [2] Downstream Situation - National real estate climate index is 93.72, down 0.13; fixed asset investment completion cumulative year - on - year is 3.70%, down 0.30% [2] - Real estate development investment completion cumulative year - on - year is - 10.70%, down 0.40%; infrastructure construction investment (excluding electricity) cumulative year - on - year is 5.60%, down 0.20% [2] Group 3: Core View - On Thursday, the RB2510 contract rebounded after hitting a low. Macroscopically, China will continue to integrate into the global market. In terms of supply and demand, rebar weekly output increased, factory inventory rose, social inventory decreased, and total inventory decreased with a narrowing decline. Overall, apparent demand increased slightly, and strong rebounds in coking coal and coke supported steel prices. Technically, the 1 - hour MACD indicator of the RB2510 contract showed that DIFF and DEA were consolidating at a low level with a shrinking green column. The operation suggestion is short - term trading within the day, paying attention to rhythm and risk control [2] Group 4: Industry News - On June 26, Mysteel reported that the actual rebar output was 217.84 million tons, up 5.66 million tons; steel mill inventory was 185.6 million tons, up 3.28 million tons; social inventory was 363.4 million tons, down 5.35 million tons; total inventory was 549 million tons, down 2.07 million tons; apparent demand was 219.91 million tons, up 0.72 million tons [2] - Vice - Premier He Lifeng pointed out during a research trip in Hebei that efforts should be made to build a unified national market, boost domestic demand and consumption, and build a new model for real estate development. Enterprises in high - end equipment manufacturing, smart photovoltaics, clean energy, and new materials should be promoted to innovate, and in - fighting competition should be comprehensively addressed [2]

Core Viewpoint - The domestic steel market is experiencing mixed fluctuations, with the ex-factory price of ordinary square billets in Tangshan and Qian'an remaining stable at 2910 yuan per ton [1] Group 1: Market Trends - The domestic steel market shows a mixed trend today, indicating varying price movements across different regions and products [1] - The price of ordinary square billets in Tangshan and Qian'an is reported to be stable, suggesting a potential equilibrium in this segment of the market [1]

螺纹钢产业链日报 2025/6/16 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | RB主力合约收盘价(元/吨) | 2,990.00 | +21↑ RB主力合约持仓量(手) | 2164732 | +29071↑ | | | RB合约前20名净持仓(手) | 10749 | +22799↑ RB10-1合约价差(元/吨) | 5 | +4↑ | | | RB上期所仓单日报(日，吨) | 34766 | -1198↓ HC2510-RB2510合约价差(元/吨) | 114 | +1↑ | | 现货市场 | 杭州 HRB400E 20MM(理计，元/吨) | 3,130.00 | +20↑ 杭州 HRB400E 20MM(过磅，元/吨) | 3,210 | +21↑ | | | 广州 HRB400E 20MM(理计，元/吨) | 3,180.00 | 0.00 天津 HRB400E 20MM(理计，元/吨) | 3,200.00 | 0.00 | | | RB 主力合约基差 (元/ ...

晨报 成材 负责人：赵 毅 从业资格号：F3059924 投资咨询号：Z0002978 电话：010-62688526 观点：仍以反弹试空对待。 成 材：武秋婷 从业资格号：F3078638 投资咨询号：Z0018248 电话：010-62688555 原材料：程 鹏 从业资格号：F3038114 投资咨询号：Z0014834 电话：010-62688541 原材料： 冯艳成 从业资格号：F3059529 投资咨询号：Z0018932 电话：010-62688516 有色金属：于梦雪 从业资格号：F03127144 投资咨询号：Z0020161 电话：021-20857653 成文时间： 2025 年 6 月 13 日 逻辑：根据钢联周度数据，螺纹钢产量下降 10.89 万吨至 207.57 万 吨，热卷产量下降 4.1 万吨至 324.65 万吨，五大材总产量下降 21.53 万 吨至 858.85 万吨；螺纹钢总库存下降 12.4 万吨至 558.08 万吨，热卷总 库存上升 4.77 万吨至 345.41 万吨，五大材总库存下降 9.25 万吨至 1354.56 万吨；螺纹钢表需下降 9.06 万吨至 ...

晨报 成材 成材：情绪回暖 小幅反弹 逻辑：当地时间 6 月 9 日至 10 日，中美经贸中方牵头人、国务院副 总理何立峰与美方牵头人、美国财政部长贝森特及商务部长卢特尼克、贸 易代表格里尔在英国伦敦举行中美经贸磋商机制首次会议。双方进行了坦 诚、深入的对话，就各自关心的经贸议题深入交换意见，就落实两国元首 6 月 5 日通话重要共识和巩固日内瓦经贸会谈成果的措施框架达成原则一 致，就解决双方彼此经贸关切取得新进展。本周，唐山主流样本钢厂平均 钢坯含税成本 2832 元/吨，周环比下调 30 元/吨，与 6 月 11 日当前普方 坯出厂价格 2920 元/吨相比，钢厂平均盈利 88 元/吨，周环比增加 60 元/ 吨。6 月 11 日，唐山迁安普方坯资源出厂含税累计上调 20，报 2920 元/ 吨。 证监许可【2011】1452 号 成 材：武秋婷 原材料：程 鹏 成材昨日反弹，中美会谈达成原则一致，市场情绪小幅回升。但目前 已进入需求淡季，短期来看下游难有有效改善，且仍有进一步下降空间。 根据当前情况看，仍建议反弹逢高试空。 从业资格号：F3078638 投资咨询号：Z0018248 电话：010-626 ...

晨报 成材 成材：需求偏低迷 钢价冲高回落 整理 投资咨询业务资格： 负责人：赵 毅 从业资格号：F3059924 投资咨询号：Z0002978 电话：010-62688526 成 材：武秋婷 从业资格号：F3078638 投资咨询号：Z0018248 电话：010-62688555 逻辑：上周（5 月 5 日-5 月 11 日），10 个重点城市新建商品房成交 （签约）面积总计 145.48 万平方米，环比增长 13.2%，同比下降 17.7%。 奥维云网线上市场监测数据显示，4 月白电各品类中，冰箱、冰柜、洗衣 机、独立式干衣机和空调线上零售额规模同比分别为+1.0%、-0.8%、 +10.8%、+45.0%和+34.8%。5 月 13 日，76 家独立电弧炉建筑钢材钢厂平 均成本为 3334 元/吨，日环比增加 8 元/吨，平均利润为-87 元/吨，谷电 利润为 18 元/吨，日环比增加 12 元/吨。5 月 13 日，唐山迁安普方坯资 源出厂含税下调 20，报 2950。 证监许可【2011】1452 号 成材昨日冲高回落。5 月 12 日，中美"日内瓦经贸联合声明"的发 布在宏观层面上形成利好，大宗 ...

研究员: 蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | RB主力合约收盘价(元/吨) | 3,079.00 | -3↓ RB主力合约持仓量(手) | 2151176 | -29285↓ | | | RB合约前20名净持仓(手) | -10906 | -7552↓ RB10-1合约价差(元/吨) | -23 | -2↓ | | | RB上期所仓单日报(日，吨) | 148997 | -19706↓ HC2510-RB2510合约价差(元/吨) | 136 | -2↓ | | 现货市场 | 杭州 HRB400E 20MM(理计，元/吨) | 3,210.00 | +10↑ 杭州 HRB400E 20MM(过磅，元/吨) | 3,292 | +10↑ | | | 广州 HRB400E 20MM(理计，元/吨) | 3,410.00 | +20↑ 天津 HRB400E 20MM(理计，元/吨) | 3,210. ...

Core Viewpoint - The article discusses the challenges faced by state-owned enterprises, particularly F Steel Company, in optimizing employee exit policies and human resource structures to enhance overall organizational vitality and adaptability in a competitive market environment [1][10]. Group 1: Current Challenges - F Steel Company is experiencing issues such as an aging workforce, lack of motivation, and a prevalent dependency mindset among employees, which hinder human resource optimization and employee potential activation [1]. - The company has a large employee base leading to redundancy, with some experienced employees unable to meet current job requirements, while others exhibit a lack of initiative and contribute little value [1][2]. Group 2: Underlying Issues - There are significant conceptual barriers within the company, as employees have a mindset focused on job stability due to the protection of the state-owned system, which has resulted in a lack of innovation and slow development [2]. - The absence of comprehensive measures for employee exit management, including financial planning and a robust performance evaluation system, has led to a passive and ineffective exit mechanism based on age or tenure, risking the loss of core talent [2]. Group 3: Proposed Solutions - The company should promote a new mindset regarding employee exits, ensuring that leadership demonstrates commitment to reform and engages employees through diverse communication methods to foster a culture of self-improvement and crisis awareness [5]. - A tailored employee exit policy framework should be established, clearly defining exit conditions, standards, and support for new hires to align with the company's goals and minimize potential conflicts [6]. - Implementing a performance-driven buffer mechanism is essential, where a scientific evaluation system provides feedback and opportunities for underperforming employees before initiating exit procedures [7]. - The company should offer comprehensive support for exiting employees, including psychological adjustment, re-employment planning, and entrepreneurial guidance, to demonstrate care and facilitate sustainable human resource mobility [8]. Group 4: Strategic Importance - In the face of intense market competition and globalization, state-owned enterprises must deepen reforms, particularly in optimizing human resource structures and improving exit mechanisms, to enhance overall effectiveness and competitiveness [10].