宝城期货螺纹钢早报-20250815

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Views of the Report - The short - term view of rebar 2510 is weak oscillation, the medium - term view is oscillation, and the intraday view is also weak oscillation. Investors should pay attention to the pressure at the MA5 line. The core logic is the weak operation of the fundamentals, which causes the steel price to fall under pressure [2]. - The rebar market shows a situation of stable supply, weak demand and increasing inventory. Although the steel price is under pressure due to the weakening fundamentals and market sentiment, the rising cost and low inventory limit the downside space, and the subsequent trend will continue to oscillate. Attention should be paid to the demand performance [3]. Group 3: Summary According to the Catalog Variety View Reference - For rebar 2510, the short - term is weak oscillation, the medium - term is oscillation, and the intraday is weak oscillation. The reference view is to pay attention to the pressure at the MA5 line, with the fundamental weakness causing the steel price to fall under pressure [2]. Market Driving Logic - Market sentiment has weakened, leading to a collective decline in ferrous metals. The supply - demand pattern of rebar has significantly weakened, with a large increase in inventory. The weekly output of rebar has slightly decreased, but there is still room for an increase in production. Meanwhile, the demand for rebar has weakened again, and the downstream industry has not improved. In the current situation of stable supply, weak demand and increasing inventory, the rebar fundamentals continue to weaken. Although the steel price is under pressure, the rising cost and low inventory limit the downside space, and the subsequent trend will be oscillatory. Attention should be paid to the demand performance [3].