Hot Rolled Coil
This week, the mainstream of the national hot coil market was strong and then weak. Since last Friday, the hot coil market has been on the rise as a whole, and hit a high this Tuesday. However, due to the impact of foreign wars, the futures and spot prices have been sluggish, and the spot price has fallen sharply. The atmosphere has dropped significantly, the downstream terminal has a strong wait-and-see mood, and the overall transaction has weakened.
The actual output of HRC this week was 3,112,800 tons, an increase of 97,600 tons compared with last week; the inventory in steel mills was 966,500 tons, an increase of 3,200 tons compared with last week; the social inventory was 2,736,600 tons, a decrease of 70,400 tons compared with last week.
The total inventory was 3.7031 million tons, a decrease of 67,200 tons compared with last week; the apparent demand was 3.18 million tons, an increase of 264,600 tons compared with last week. The Winter Olympics have ended, and some steel mills in North China have resumed production and their output has increased. However, the concentrated resumption of production by steel mills is expected to be concentrated after the conclusion of the Two Sessions and the Paralympic Games. At present, the apparent demand has increased, but the market demand has been slow to start, and the inventory is still low in the same period.
Although the spot price is partially supported, the upward momentum is insufficient. It is expected that the hot-rolled market will be stable and weak next week.