Today, the main contract for hot rolled coil initially declined then rose, closing at 3428, down 0.32% for the day. Spot prices fell by 10-20 yuan/ton, with some remaining stable. On the supply side, maintenance volume this week was 137.5k tons, a decrease of 98.5k tons from the previous week; next week’s maintenance is 185.5k tons, an increase of 48k tons compared to this week, with overall pressure being neutral. On the demand side, purchases are mainly at low prices, with prices rising towards the end of the session, and the basis showing signs of low-price selling. After macro disturbances subside, support from the cost side remains weak. Overall, the fundamentals for hot rolled coil have relatively few contradictions, with inventory in Zhangjiagang continuing to clear, and the main contracts are expected to remain within a range of fluctuations in the short term.

K-LinePoet

2026-05-25 23:20:01

Abstract generation in progress

Today’s hot coil main contract initially declined then rose, closing at 3428, down 0.32% for the day. Today’s hot coil spot prices mostly fell by 10-20 yuan/ton, with some markets remaining stable. On the supply side, this week’s hot rolling maintenance affected 137.5k tons, a decrease of 98.5k tons compared to last week. Next week’s hot rolling maintenance impact is 185.5k tons, an increase of 48k tons from this week. Overall pressure is neutral. On the demand side, end-users mainly purchase at low prices, with the market closing higher, and transaction volumes slightly improving. The basis also shows some low-price selling. Regarding costs, after macroeconomic disturbances decreased, the short-term cost support has somewhat weakened. Looking ahead, the fundamentals of hot coil face relatively small contradictions, with Zhangjiagang inventory continuing to clear, and it is expected that the main contract for hot coil will remain in a range-bound oscillation in the short term. (SMM)

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Short-term board material prices continue to fluctuate within a narrow range

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