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供需矛盾有所累积 螺纹钢短期或弱势整理运行为主
Jin Tou Wang·2025-05-20 08:50

Core Viewpoint - The overall trend in the rebar market indicates a decline in prices and inventory levels, reflecting a weak demand in the real estate sector and high production levels in the steel industry [1][5]. Price Summary - As of May 19, the average price of rebar in 31 major cities is 3312 CNY/ton, down 23 CNY/ton from the previous trading day [1]. - On May 20, the rebar futures main contract closed at 3058.00 CNY/ton, with a decrease of 0.59%, reaching a high of 3080.00 CNY/ton and a low of 3050.00 CNY/ton during the day [2]. Inventory and Warehouse Data - On May 20, the Shanghai Futures Exchange recorded rebar warehouse receipts at 51625 tons, a decrease of 89442 tons from the previous trading day [3]. - Over the past week, rebar warehouse receipts have decreased by 97372 tons, a reduction of 65.35% [3]. - In the last month, the total reduction in rebar warehouse receipts is 145938 tons, representing a decrease of 73.87% [3]. - As of May 16, rebar inventory was recorded at 143201 tons, down 13838 tons from the previous trading day [4]. Market Analysis - According to Everbright Futures research, the real estate sector has shown continued weakness in April, while manufacturing investment has declined from high levels. The production of crude steel and pig iron remains elevated, leading to an accumulation of supply-demand contradictions in the domestic steel market. A weak consolidation trend is expected for rebar prices in the short term [5].