[SMM HRC Daily Review] Regional Inventory Decline? Can HRC Demand Improve?

Published: Jun 18, 2025 17:21

Save

Today, HRC futures prices saw a slight increase, with the most-traded contract closing at 3102, up 0.32% for the day. Trading activity was moderate throughout the day, with HRC quotations in major cities rising by 5-10 yuan/mt compared to yesterday, and overall trading volume was average. On the news front, macro-wise, the US-Japan trade negotiations fell through, with Trump and Ishiba failing to reach an agreement. On the fundamental side, the impact from HRC maintenance this week was 67,600 mt, a decrease of 66,200 mt WoW. The supply pressure for HRC continued to increase. According to data released by SMM today for Shanghai, Lecong, and Ningbo, inventories all saw slight declines. Inventories are expected to perform moderately this week. Downstream demand has shown some resilience compared to before. Overall, cost support remains relatively stable this week. Attention should still be paid to the impact of the Israel-Iran conflict on the ferrous metals series. Based solely on fundamentals, it is expected that the most-traded HRC contract will continue to fluctuate mainly within the 3000-3140 range.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 hours ago

[SMM Analysis] Steel Export Review: Geopolitical Conflicts Trigger the Reshaping of the Export Landscape

13 hours ago

14 hours ago

MMi Daily Iron Ore Report (March 30)

Today, iron ore prices opened higher but showed a volatile weakening trend during the session. The main contract I2605 closed at 813 yuan/ton, up 0.06% from the previous trading session. Spot prices remained largely stable compared to the previous trading day.

14 hours ago

[China Iron Ore Brief Review] Iron Ore Concentrate Prices in Shandong May Continue to Fluctuate

[China Iron Ore Brief Review: Iron Ore Concentrate Prices in Shandong May Continue to Fluctuate] In Shandong, the pre-tax dry-basis price of 64-grade alkaline iron ore concentrates at mines and beneficiation plants fell by 5 yuan to 894 yuan, while steel mills also lowered prices in tandem. Most miners maintained normal production, inventory accumulation was not obvious, and most basically had no inventory. Steel mills’ purchases under long-term contracts remained unchanged, with most purchasing as needed and maintaining low inventory operations. On the news front, external market disruptions have not eased, and imported ore prices have remained at a relatively high level, which may provide some support for domestic iron ore

14 hours ago