宝城期货螺纹钢早报-20250710

Group 1: Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. Group 2: Report's Core View - The steel price of rebar is expected to continue the trend of oscillating and stabilizing. It is suggested to pay attention to the support at the MA5 line, and also to the production and sales data released by Steel Union today [2][3]. Group 3: Summary According to Relevant Catalogs 3.1 Variety View Reference - For the rebar 2510 contract, the short - term view is oscillating and moderately strong, the medium - term view is oscillating, and the intraday view is oscillating and moderately weak. The core logic is that optimistic sentiment dominates, leading to the oscillation and stabilization of steel prices [2]. 3.2 Market Driving Logic - Market sentiment is warm, and the black metal sector is rising as a whole. The fundamentals of rebar are weakly stable. The output of construction steel mills continues to increase, and the supply pressure is rising. Meanwhile, the demand for rebar remains seasonally weak, with weekly performance slightly increasing month - on - month but high - frequency trading remaining sluggish. Both are at low levels compared to the same period. The weak demand pattern remains unchanged. Although the fundamentals are seasonally weak and steel prices are still prone to pressure during the off - season, with low inventory, the real - world contradictions are not significant. Policy benefits are fermenting, and the strong raw materials provide cost support [3].