宝城期货螺纹钢早报-20250813

Group 1: Report's Investment Rating - There is no information about the industry investment rating in the report. Group 2: Core Views - The short - term, medium - term, and intraday outlooks for rebar 2510 are "sideways", "sideways", and "sideways with a downward bias" respectively. It is recommended to pay attention to the support level at the MA20 line. The core logic is that strong raw materials drive the steel price to fluctuate higher [2]. - The rebar market fundamentals continue to show seasonal weakness. Although both supply and demand have increased, the fundamentals are weak, and the upward driving force is not strong. It is expected that the steel price will maintain a sideways trend, and attention should be paid to the demand performance [3]. Group 3: Summary by Related Content Variety View Reference - For rebar 2510, the short - term, medium - term, and intraday trends are defined, and the view reference is to focus on the MA20 line support. The core logic is the strong raw materials driving up the steel price. Also, the calculation rules for price changes are provided [2]. Market Driving Logic - The rebar fundamentals have seasonal weakness. Supply has increased significantly as construction steel mills are actively resuming production. Demand has also improved, mainly due to the release of speculative demand, but the improvement's sustainability is questionable. Supply disturbances support the strong rise of raw materials, raising costs and driving up the steel price. However, the weak fundamentals and the co - increase of supply and demand put pressure on the steel price, resulting in a sideways trend [3].