宝城期货螺纹钢早报-20250730

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - The short - term, medium - term, and intraday views on rebar 2510 are oscillatory, oscillatory, and oscillatory with a downward bias respectively. It is recommended to pay attention to the support at the MA5 line. The core logic is that strong expectations have fermented again, leading to an oscillatory increase in steel prices [2]. - Strong expectations have boosted the steel market again, supporting the strengthening of steel prices. However, there is no substantial improvement in the fundamentals of rebar under the situation of both supply and demand increasing. The upward driving force needs to be tracked. The low - inventory situation means that the real - world contradictions are not significant. In the short term, steel prices will oscillate with a upward bias under the support of positive sentiment, and attention should be paid to domestic and foreign policies [3]. Group 3: Summary by Relevant Catalogs Variety Viewpoint Reference - For rebar 2510, the short - term view is oscillatory, the medium - term view is oscillatory, and the intraday view is oscillatory with a downward bias. The reference is to focus on the support at the MA5 line. The core logic is the re - fermentation of strong expectations driving steel prices to rise oscillatively [2]. Market Driving Logic - The re - emergence of production - restriction disturbances and policy expectations during major meetings have warmed up the sentiment in the steel market, causing steel prices to strengthen again. Rebar supply and demand patterns have changed little. Weekly rebar production has recovered as expected, and with good profit per ton, there is room for an increase in supply, which is expected to return to a high level. Rebar demand has improved, with high - frequency demand indicators increasing month - on - month, mainly due to the release of speculative demand. The improvement in off - season demand needs to be tracked for its sustainability as downstream industries have not improved [3].