Today, HRC futures and spot prices weakened WoW. The most-traded contract closed at 3,259, up 0.31%. In the spot market, HRC quotes in most regions across the country fell WoW, 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 was 225,000 mt, down 18,000 mt WoW, a decline of 7.41%; the YoY decline was 43.18% on the solar calendar and 49.21% on the lunar calendar. Looking ahead, the domestic HRC supply pressure will ease slightly in July. On the demand side, against the backdrop of the off-season, steel demand is under pressure. However, the downstream demand for HRC and steel exports are expected to maintain strong resilience. Before the Political Bureau meeting, market expectations are positive. Coupled with a high probability of the first round of coke price increases being implemented, HRC futures prices are more likely to rise than fall in the short term, continuing to fluctuate at highs.