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钢材早盘提示-20250523
Ge Lin Qi Huo·2025-05-23 02:52
  1. Report Industry Investment Rating - The investment rating for the steel products in the black building materials sector is "Oscillating Weakly" [1] 2. Core View of the Report - The market logic has returned to the industry and expectations. With current weak expectations, the futures market is expected to continue oscillating weakly. It is advisable to wait for the direction to become clearer [1] 3. Summary by Relevant Catalog Market Quotes - On Thursday, the main contract of rebar 2510 closed at 3061, down 0.03%. The main contract of hot - rolled coil closed at 3210, up 0.09%. The main contract of stainless steel closed at 12830, up 0.04%. During the night session, rebar closed flat, hot - rolled coil declined slightly, and stainless steel rose slightly [1] Important Information - On the 21st, eight departments including the Financial Regulatory Administration jointly issued "Several Measures to Support the Financing of Small and Micro Enterprises", proposing 23 work measures in 8 aspects to improve the financing situation of small and micro enterprises and individual industrial and commercial households [1] - Shanghai's special action plan to boost consumption aims to expand the implementation of consumer goods trade - in programs [1] - This week, the supply of five major steel products was 8724400 tons, a week - on - week increase of 40900 tons or 0.5%. The total inventory was 13985400 tons, a week - on - week decrease of 321200 tons or 2.2%. The weekly consumption was 9045600 tons, a week - on - week decrease of 1.0% [1] - According to the World Steel Association, global crude steel production in April 2025 decreased by 0.3% year - on - year to 155.7 million tons [1] Market Logic - On Thursday, the spot prices of rebar and hot - rolled coil continued to fall with poor trading volume. Steel mills such as Shagang and Zhongtian set the ex - factory prices for the second half of May mainly with a price - holding attitude. Most stainless steel spot prices remained flat, and a few declined. This week, rebar production and factory inventory increased, while social inventory and apparent demand decreased. Electric - arc furnace steel has fallen into losses again, and production cuts may occur [1] Trading Strategy - Wait for the direction to become clearer [1] Support and Pressure Levels - The pressure level for the main rebar contract is 3164, and the support level is 3000. The pressure level for hot - rolled coil is 3282, and the support level is 3100. The pressure level for stainless steel is 12900, and the support level is 13130 [1]