宝城期货螺纹钢早报-20250827

Group 1: Report Investment Rating - No investment rating for the industry is provided in the report. Group 2: Core Viewpoints - The short - term, mid - term, and intraday views of rebar 2510 are to be cautious about the pressure at the MA10 line, with short - term and intraday being weakly volatile and mid - term being volatile. The core logic is that the fundamentals are poor and steel prices are under pressure [2]. - In the short term, under the dominance of negative factors, steel prices are expected to continue the weakly volatile trend, and attention should be paid to demand changes [3]. Group 3: Summary by Related Content Variety Viewpoint Reference - For rebar 2510, the short - term view is weakly volatile, the mid - term is volatile, and the intraday is weakly volatile. The view is to pay attention to the pressure at the MA10 line, and the core logic is the poor fundamentals putting pressure on steel prices [2]. Market Driving Logic - The supply of rebar has shrunk, but the sustainability of profit per ton is questionable. Demand is weak, and high - frequency indicators are at a low level. Under the situation of weak supply and demand, the fundamentals of rebar in the off - season are still poor, but the cost increase restricts the downward space. In the short term, steel prices are expected to continue the weakly volatile trend, and attention should be paid to demand changes [3].