螺纹钢厂库继续累积 短期盘面价格或延续震荡走势

Group 1 - The total demand for rebar steel this week is 2.1991 million tons, slightly up from 2.1919 million tons last week, but lower than the same period in previous years [1] - The total inventory of rebar in major cities across the country is recorded at 3.634 million tons, a decrease of 53,500 tons or 1.45% from the previous week; over the past month, the total inventory has decreased by 311,900 tons, a reduction of 7.90% [1] - Recent price adjustments for rebar in Yunnan steel mills show significant increases in price margins across various specifications, indicating a shift in pricing strategy [1] Group 2 - The current market conditions for steel show an increase in supply and a decrease in demand, leading to a seasonal inventory build-up; short-term price fluctuations are expected [2] - The core issue in the market is the balance between iron water resilience and the accumulation of finished product inventory alongside reduced demand expectations [2] - Steel mills are experiencing profit compression, leading to a decrease in production rates; rebar demand is significantly lower than the same period last year, indicating a weak market [3] Group 3 - The production of major steel products is seasonally declining, with a noted decrease in electric furnace operating rates [3] - Recent macroeconomic information has been reflected in the market, shifting trading logic back to fundamental drivers, suggesting a potential recovery in undervalued steel prices [3] - Traders are advised to consider short positions during rebounds, while monitoring negative feedback expectations in the market [3]