宝城期货螺纹钢早报-20250812

Group 1: Report Investment Rating - No report industry investment rating is provided in the content [1][2][3] Group 2: Core Viewpoint - The supply - demand pattern of rebar is weakly stable, and steel prices are expected to continue the oscillatory trend. The short - term, medium - term, and intraday views on rebar 2510 are oscillatory, oscillatory, and weakly oscillatory respectively. Attention should be paid to the support at the MA20 line [2][3] Group 3: Summary by Content Variety Viewpoint Reference - For rebar 2510, the short - term view is oscillatory, the medium - term view is oscillatory, and the intraday view is weakly oscillatory. The core logic is that the supply - demand pattern is weakly stable, and steel prices continue to oscillate. Attention should be paid to the support at the MA20 line [2] Market Driving Logic - The implementation of the production - restriction expectation is less than expected, and the raw materials have strengthened again, driving up steel prices. However, in the situation of both supply and demand increasing, the fundamentals of rebar have not improved substantially. The production of construction steel mills has resumed, and the weekly output of rebar has increased significantly. Although the demand for rebar has improved, the improvement in off - season demand is of questionable sustainability. Steel prices are still prone to pressure, and the upward driving force needs to be tracked. It is expected that steel prices will continue to oscillate, and attention should be paid to the production situation of steel mills [3]