宝城期货螺纹钢早报-20250613

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core Viewpoints of the Report - The short - term and intraday view of rebar 2510 is weak oscillation, and the medium - term view is oscillation. It is recommended to pay attention to the pressure at the MA5 line. The core logic is that both supply and demand are weak, and steel prices are oscillating to find the bottom [2]. - The supply - demand weakness of rebar remains unchanged. Steel mill production is weak, output continues to decline, and inventory is reduced. Demand is equally weak, with weekly apparent demand decreasing and high - frequency transactions being sluggish. The steel price is under pressure, but the low inventory eases the contradiction. During the off - season, rebar will continue to oscillate to find the bottom, and attention should be paid to changes in steel mill production [3]. 3. Summary by Relevant Catalogs Variety Viewpoint Reference - For rebar 2510, the short - term is "oscillation, weak", the medium - term is "oscillation", and the intraday is "oscillation, weak". The view is to pay attention to the pressure at the MA5 line, and the core logic is the weakening of both supply and demand and the steel price oscillating to find the bottom [2]. Market Driving Logic - The supply - demand situation of rebar is weak. Steel production by construction steel mills is weakening, rebar output is continuously decreasing, and inventory is being reduced due to supply contraction. Rebar demand is also weak, with weekly apparent demand continuing to decline and high - frequency transactions being sluggish, showing obvious off - season characteristics. The steel price is still under pressure, but the low inventory eases the contradiction. During the off - season, rebar will oscillate to find the bottom, and attention should be paid to the production changes of construction steel mills [3].