供需驱动力量有限 螺纹钢整体维持区间运行

Core Insights - The rebar spot market is experiencing moderate transactions, with sellers showing a willingness to maintain prices, resulting in an increase of 10-30 yuan/ton in quotes, while the basis has contracted [1] - The total inventory of rebar this week is 6.5964 million tons, an increase of 573,900 tons compared to last week, which had a decrease of 340,500 tons [3] - The futures market saw the main rebar contract close at 3,106.00 yuan/ton, with a slight decline of 0.03%, and a trading volume of 322,940 contracts [2] Market Data - Rebar prices for various specifications are as follows: - HRB400 Φ16 from Zhongtian: 3,180 yuan/ton in Hangzhou - HRB400 Φ16 from Yonggang: 3,200 yuan/ton in Shanghai - HRB400 Φ16-Φ20 from Pinggang: 3,170 yuan/ton in Hangzhou - HRB400 Φ16-Φ20 from Pinggang: 3,230 yuan/ton in Hangzhou [2] - On October 9, the Shanghai Futures Exchange reported a decrease of 10,110 tons in rebar warehouse receipts, totaling 275,736 tons [4] Analysis - According to Zhonghui Futures research, the demand for rebar is affected by holiday factors, leading to a decrease in demand and a slight drop in production, while inventory levels are rising. Overall, the downstream demand for construction steel remains weak, with real estate and infrastructure continuing to exert pressure, resulting in limited supply-demand dynamics [5]