In terms of construction materials, affected by cold wave in north China, downstream demand in some areas stagnated. Overall demand diminished last week, and may keep weakening this week, weighed down by intensifying weather disturbances.
In terms of HRC, spot price of HRC recently increased first and then declined. End users aimed to purchase HRC on a need-to basis, and may shrink further this week amid cold wave in north China.

![[SMM Balanço Semanal de Materiais de Construção] Atmosfera de negociação do mercado melhora, liberação de demanda rígida fica aquém das expectativas](https://imgqn.smm.cn/usercenter/JdqON20251217171718.png)
![[SMM Grande Amostra do Inventário Social de Materiais de Construção] Alta de Preços Impulsiona Redução de Estoques, Queda no Inventário Social de Materiais de Construção Ligeiramente Ampliada Neste Período](https://imgqn.smm.cn/usercenter/wSpkX20251217171718.png)
