Group 1 - The current spot price of rebar in China is 3296.00 CNY/ton, which is 163.00 CNY/ton higher than the futures main price of 3133.00 CNY/ton as of July 11 [1] - On July 11, the futures market closed with the main rebar contract at 3133.00 CNY/ton, reflecting a 1.10% increase, with a daily trading volume of 1,654,545 contracts [2] - As of the week ending July 10, rebar production decreased to 2.1666 million tons, down by 44,200 tons or 2% from the previous week, while apparent demand fell to 2.215 million tons, a decrease of 33,700 tons or 1.50% [3] Group 2 - As of July 11, the warehouse receipts for rebar futures on the Shanghai Futures Exchange increased by 14,567 tons to 69,192 tons compared to the previous trading day [4] - According to Hualian Futures research, the supply and demand for rebar are both weak, with a slight decrease in production and a marginal decline in demand, while inventory continues to show a slight reduction [5] - Seasonal factors are expected to significantly impact steel demand, leading to limited upward momentum in steel prices despite a short-term market sentiment recovery due to supply-side reform expectations [5]
供给侧改革减量预期提振下 螺纹钢震荡偏强
Jin Tou Wang·2025-07-11 09:03