螺纹钢：板块情绪未减，宽幅震荡，热轧卷板：板块情绪未减，宽幅震荡

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - The sentiment in the hot-rolled coil plate sector remains strong, with wide fluctuations [2] Group 3: Summary by Relevant Catalogs 1. Fundamental Tracking - Futures Data: For RB2510, the closing price was 3,138 yuan/ton, up 5 yuan/ton (0.16%); trading volume was 1,164,609 lots, and open interest was 2,122,341 lots, down 78,184 lots. For HC2510, the closing price was 3,276 yuan/ton, up 3 yuan/ton (0.09%); trading volume was 454,659 lots, and open interest was 1,580,291 lots, down 19,457 lots [2] - Spot Price Data: In the spot market, prices of some regions for both rebar and hot-rolled coil plate remained stable, while some had minor changes. For example, Shanghai's rebar price dropped 10 yuan/ton, and Tianjin's hot-rolled coil plate price dropped 10 yuan/ton, while Guangzhou's hot-rolled coil plate price rose 10 yuan/ton [2] - Basis and Spread Data: The basis of RB2510 decreased from 87 yuan/ton to 72 yuan/ton, and that of HC2510 decreased from 27 yuan/ton to 24 yuan/ton. Various spreads also had different degrees of changes [2] 2. Macro and Industry News - Financial Data: In late June 2025, the balance of broad money (M2) was 330.29 trillion yuan, a year-on-year increase of 8.3%, 0.4 percentage points higher than last month and 2.1 percentage points higher than the same period last year. The balance of narrow money (M1) was 113.95 trillion yuan, a year-on-year increase of 4.6% [3] - Steel Export Data: In June 2025, China exported 967.8 million tons of steel, a month-on-month decrease of 90.0 million tons (8.5%); the average price was 687.1 dollars/ton, a month-on-month decrease of 10.8 dollars/ton (1.5%). From January to June, the cumulative steel export was 5814.7 million tons, a year-on-year increase of 490.8 million tons (9.2%) [3][4] - Weekly Steel Data: According to the weekly data on July 10, in terms of production, rebar decreased by 4.42 million tons, hot-rolled coil decreased by 5.00 million tons, and the total of five major varieties decreased by 12.44 million tons; in terms of total inventory, rebar decreased by 4.84 million tons, hot-rolled coil increased by 0.63 million tons, and the total of five major varieties decreased by 0.35 million tons; in terms of apparent demand, rebar decreased by 3.37 million tons, hot-rolled coil decreased by 1.86 million tons, and the total of five major varieties decreased by 12.19 million tons [4] 3. Trend Intensity - The trend intensity of rebar is 0, and that of hot-rolled coil plate is also 0, indicating a neutral trend [4]