宝城期货螺纹钢早报-20250617

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - The short - term, medium - term, and intraday trends of rebar 2510 are expected to be volatile, volatile, and weakly volatile respectively. Attention should be paid to the pressure at the MA20 line. The core logic is that the fundamentals are weakening in the off - season, and steel prices are oscillating at a low level [2]. - The supply - demand pattern of rebar is seasonally weakening, and steel prices are under pressure. However, inventories are being depleted at a low level, and the real - world contradictions are not significant. The short - term trend will maintain a low - level volatile operation, and attention should be paid to demand changes [3]. 3. Summary by Related Content Variety Viewpoint Reference - For rebar 2510, the short - term view is volatile, the medium - term view is volatile, and the intraday view is weakly volatile. The reference view is to pay attention to the pressure at the MA20 line. The core logic is the weakening of fundamentals in the off - season and low - level oscillation of steel prices [2]. Market Driving Logic - The fundamentals of rebar continue to weaken seasonally. Steel mills mainly ensure the supply of plates, and rebar production has been continuously decreasing, with supply contracting to a relatively low level. Rebar demand remains weak, with weekly apparent demand continuing to decline and high - frequency transactions operating at a low level, showing off - season characteristics. The supply - demand pattern is seasonally weakening, and steel prices are under pressure, but inventory depletion at a low level means less real - world contradiction. The short - term trend is low - level volatility, and demand changes should be monitored [3].