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宝城期货螺纹钢早报-20250806
Bao Cheng Qi Huo·2025-08-06 01:24
  1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - The short - term view of rebar 2510 is weak oscillation, the medium - term view is oscillation, and the intraday view is weak oscillation. It is recommended to pay attention to the support at the MA20 line. The core logic is that industrial contradictions are limited and steel prices move in an oscillatory manner [2] - Although the market sentiment has warmed up and steel prices have oscillated higher, the supply - demand pattern of rebar is weak, and steel prices are still prone to pressure. However, the low - inventory pattern limits the downside space, and steel prices will continue to oscillate. It is necessary to pay attention to inventory changes [3] 3. Summary by Related Catalogs 3.1 Variety Viewpoint Reference - For rebar 2510, the short - term is weak oscillation, the medium - term is oscillation, and the intraday is weak oscillation. The view is to focus on the support at the MA20 line. The core logic is that industrial contradictions are limited and steel prices move in an oscillatory manner. The calculation of price fluctuations is based on different rules for products with or without night trading sessions [2] 3.2 Market Driving Logic - The strength of coking coal and coke boosts the black series, and steel futures prices oscillate higher. But the fundamentals of rebar are poor. Although the weekly output has decreased month - on - month and supply has shrunk at a low level, the profit per ton of the variety is good, and the sustainability of production cuts is not strong [3] - The demand for rebar is seasonally weakening, high - frequency indicators have fallen again, and they have been at the low level in the same period in recent years. The off - season characteristics remain, continuing to put pressure on steel prices [3] - The market sentiment has warmed up and steel prices have oscillated higher. However, the supply - demand pattern of rebar is weak, and steel prices are still prone to pressure. The positive factor is that the low - inventory pattern means that industrial contradictions are not significant, and the downside space is limited. Steel prices will continue to oscillate, and attention should be paid to inventory changes [3]