宝城期货螺纹钢早报-20250625

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - 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 MA5 line. The fundamental situation shows seasonal weakness, and steel prices are under pressure [2]. - The supply - demand pattern of rebar is operating weakly. Supply has increased slightly while demand continues its seasonal weakness. The supply - demand situation has not improved. Steel prices are under pressure during the off - season. With relatively low inventory and minor real - world contradictions, the price trend is expected to remain in a volatile bottom - seeking state, and attention should be paid to the demand situation [3]. Group 3: Summary Based on Related Catalogs Variety Viewpoint Reference - For rebar 2510, the short - term, medium - term, and intraday trends are judged as volatile, volatile, and weakly volatile respectively. The reference view is to pay attention to the pressure at the MA5 line, and the core logic is the fundamental seasonal weakness causing steel prices to be under pressure [2]. Market Driving Logic - The supply - demand pattern of rebar is weak. Construction steel mills have increased production, and rebar output has risen again, but the increase is not large. Demand remains weak, with the weekly apparent demand slightly decreasing and high - frequency transactions remaining sluggish. The supply - demand situation has not improved, and steel prices are under pressure during the off - season. The relatively low inventory means minor real - world contradictions, and the price is expected to be in a volatile bottom - seeking state, with demand performance being a key factor [3].