螺纹钢供需结构转好 短期内盘面将维持震荡格局

Core Viewpoint - The rebar futures market shows a strong performance with the main contract at 3106.00 CNY/ton, up by 0.58% as of November 28 [1] Group 1: Market Statistics - On November 28, the price of rebar from Zhongtian is 3220 CNY/ton, with a daily shipment of 47,000 tons, an increase of 5,000 tons compared to the same period last week [2] - Rebar inventory in Hangzhou is at 920,000 tons, down by 13,000 tons from the same period last week [2] - For the week ending November 27, rebar production is 2.0608 million tons, a decrease of 18,800 tons, or 0.90%, while apparent demand is 2.2794 million tons, down by 28,500 tons, or 1.23% [2] Group 2: Production and Maintenance - From December 2, Lianan Steel will conduct maintenance on its Anyuan No. 1-3 blast furnaces and rolling lines for 25 days, expected to impact construction material production by 100,000 tons [2] - Changsha's resource supply will be reduced to 70% capacity [2] - Lian Steel will maintain production at three blast furnaces, while Lian Steel will conduct maintenance on its 2200m blast furnace for 34 days starting December 2, affecting rebar and hot/cold rolled production [2] Group 3: Institutional Insights - Zhengxin Futures indicates that steel mills continue to increase production, with inventory reduction remaining strong, leading to a fluctuating steel price [3] - Demand for rebar is showing a month-on-month increase due to higher concrete shipments, while demand for sheet metal remains weak [3] - Guodu Futures notes that the steel market has entered a "dual weak" seasonal balance, with overall contradictions not being prominent, suggesting a short-term fluctuating market without clear directional drivers [3]