NewsFlash / Steel / [SMM HRC Daily Review] Macro data released; HRC futures and spot prices weakened on a MoM basis
[SMM HRC Daily Review] Macro data released; HRC futures and spot prices weakened on a MoM basis
iconJul 15, 2025 17:40
Source:SMM
Today, HRC futures and spot prices weakened on a WoW basis, with the most-traded contract closing at 3,259, up 0.31%. In the spot market, HRC quotes in most regions across the country fell on a WoW basis, with overall trading performance being average. During the day, the National Bureau of Statistics (NBS) released economic data for the first half of this year. Preliminary calculations showed that the gross domestic product (GDP) in the first half of the year was 66,053.6 billion yuan, up 5.3% YoY at constant prices. This week, HRC inventory in Zhangjiagang Port was 225,000 mt, a decrease of 18,000 mt WoW, or a 7.41% decline. The YoY decline was 43.18% on the solar calendar basis and 49.21% on the lunar calendar basis. Looking ahead, the domestic HRC supply pressure is expected to ease slightly in July. On the demand side, amid the off-season, steel demand is under pressure. However, downstream demand for HRC and steel exports are expected to maintain strong resilience. Before the meeting of the Political Bureau of the CPC Central Committee, market expectations are positive. Additionally, there is a high probability that the first round of coke price increases will be implemented. In the short term, HRC futures prices are more likely to rise than fall, continuing to fluctuate at highs.

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