宝城期货螺纹钢早报-20250729

Group 1: Report Industry Investment Rating - Not provided Group 2: Core Viewpoints of the Report - The short - term view of Rebar 2510 is weakly oscillating, the medium - term view is oscillating, and the intraday view is also weakly oscillating. It is recommended to pay attention to the pressure at the MA5 line. The core logic is that the industrial logic has returned and steel prices are under pressure [2]. - The supply and demand pattern of rebar is weakly stable. Supply is expected to increase as weekly production has rebounded and profit per ton is good. Demand has improved slightly mainly due to speculative demand, but the off - season weak demand persists, and steel prices are under pressure. With the market sentiment weakening and the steel market logic returning to the industrial side, steel prices will continue to oscillate, and attention should be paid to domestic and foreign macro - policies [3]. Group 3: Summary by Related Catalogs Variety Viewpoint Reference - For Rebar 2510, short - term: weakly oscillating; medium - term: oscillating; intraday: weakly oscillating. The view is to focus on the pressure at the MA5 line, with the core logic being the return of industrial logic and steel price pressure. Specific calculation methods for price changes are also provided [2]. Market - driving Logic - The rebar supply and demand pattern is weakly stable. Supply is expected to rise as weekly production has increased and profit per ton is favorable. Demand improvement is mainly due to speculative demand, and the off - season weak demand remains unchanged, continuing to pressure steel prices. The market sentiment is weakening, the steel market logic has returned to the industrial side, and the steel price is under pressure. With low inventory, the real - world contradiction is not significant, and steel prices are expected to continue to oscillate. Attention should be paid to domestic and foreign macro - policies [3].