宝城期货螺纹钢早报-20250512

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - The short - term, medium - term, and intraday views on rebar 2510 are shock, shock, and shock - biased upward respectively. It is recommended to pay attention to the pressure at the MA5 line, and the core logic is that market sentiment has warmed up and steel prices have stabilized in shock [2]. - The supply of rebar has contracted with a decline in production, but the demand has weakened more significantly, and the inventory has started to accumulate. The downstream industries have not improved, and the rebar demand is prone to seasonal weakening, which continues to drag down the fundamentals of rebar. However, the substantial progress in Sino - US trade negotiations has warmed up the market sentiment, and steel prices are expected to stabilize in shock in the short - term under the support of positive sentiment. Attention should be paid to the demand performance [3]. Group 3: Summary by Related Catalogs Variety Viewpoint Reference - For rebar 2510, the short - term view is shock, the medium - term view is shock, and the intraday view is shock - biased upward. The reference is to pay attention to the pressure at the MA5 line, and the core logic is that market sentiment has warmed up and steel prices have stabilized in shock. The calculation of price changes and the definitions of shock - biased upward/downward are also provided [2]. Market Driving Logic - The spot price of steel remained stable over the weekend. The supply - demand pattern of rebar has weakened, with a decline in production and more obvious weakening in demand, and inventory accumulation. The downstream industries have not improved, and the rebar demand is prone to seasonal weakening, which continues to drag down the fundamentals of rebar and put pressure on steel prices. The positive factor is the substantial progress in Sino - US trade negotiations, which has warmed up the market sentiment, and steel prices are expected to stabilize in shock in the short - term [3].