宝城期货螺纹钢早报-20250623

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - The short - term, medium - term, and intraday views of rebar 2510 are shock, shock, and shock - biased upward respectively. It is recommended to focus on the support at the MA5 line, with the core logic being that the real - world contradictions are limited and steel prices are stabilizing in a shock pattern [2]. 3. Summary by Relevant Catalogs 3.1 Variety View Reference - The short - term, medium - term, and intraday views of rebar 2510 are shock, shock, and shock - biased upward respectively. The reference suggestion is to focus on the support at the MA5 line, and the core logic is that the real - world contradictions are limited and steel prices are stabilizing in a shock pattern. The calculation of price changes and criteria for different trends are also explained [2]. 3.2 Market Driving Logic - Over the weekend, steel spot prices remained stable. The supply - demand pattern of rebar has seasonally weakened. Construction steel mills have increased production, with the weekly output of rebar slightly increasing but still at a relatively low level, and the supply change is not significant. Meanwhile, rebar demand has seasonally weakened, with weekly apparent demand weakly stable and high - frequency transactions being sluggish. The weak demand is pressuring steel prices. In general, rebar supply is rising while demand continues its seasonal weakness, the fundamentals have not improved, and steel prices are still under pressure. The relatively positive factor is the low inventory and limited real - world contradictions. The short - term trend will maintain a low - level shock pattern, and attention should be paid to the production situation of steel mills [3].