宝城期货螺纹钢早报-20250519

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - The short - term, medium - term, and intraday trends of rebar 2510 are expected to be oscillatory, oscillatory, and weakly oscillatory respectively, with attention on the pressure at the MA20 line due to the weak and stable fundamentals and low - level oscillation of steel prices [2] - The supply - demand pattern of rebar is acceptable thanks to the demand recovery, but the demand is facing seasonal weakness. Under high supply, the fundamental contradictions of rebar will accumulate, and steel prices are still prone to downward pressure. The low inventory is a positive factor. Under the game of long and short factors, steel prices will continue to oscillate at a low level, and attention should be paid to the demand performance [3] Group 3: Summary by Related Catalog Variety Viewpoint Reference - For rebar 2510, the short - term view is oscillatory, the medium - term view is oscillatory, and the intraday view is weakly oscillatory. The reference is to focus on the pressure at the MA20 line, and the core logic is the weak and stable operation of the fundamentals and the low - level oscillation of steel prices [2] Market Driving Logic - The spot steel prices declined slightly over the weekend with average trading volume. The supply - demand pattern of rebar is acceptable due to demand recovery, but the demand is seasonally weakening. Under high supply, fundamental contradictions will accumulate, and steel prices are under pressure. The low inventory is a positive factor. Steel prices will continue to oscillate at a low level, and attention should be paid to the demand [3]