宝城期货螺纹钢早报-20250829

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - The short - term and intraday view of rebar 2510 is oscillating weakly, and the medium - term view is oscillating. Attention should be paid to the pressure at the MA10 line. The fundamental situation has not improved, and steel prices are oscillating to find the bottom [2]. - Under the situation of both supply and demand increasing, the fundamentals of rebar have not improved, with inventory increasing and industrial contradictions continuously accumulating. Steel prices are still prone to pressure. The relative positives are cost increase and peak - season demand expectations. Under the game of long and short factors, rebar is expected to continue the oscillating bottom - finding trend, and attention should be paid to the demand performance [3]. 3. Summary by Related Content Variety Viewpoint Reference - For rebar 2510, the short - term view is oscillating weakly, the medium - term view is oscillating, and the intraday view is oscillating weakly. The reference is to pay attention to the pressure at the MA10 line, and the core logic is that the fundamentals have not improved and steel prices are oscillating to find the bottom [2]. Market Driving Logic - The supply and demand of rebar have both increased. Rebar production has risen again to a new high this year, increasing supply pressure. Although rebar demand has improved, the downstream situation has not improved, and the sustainability of the improvement is questionable. In the current situation of both supply and demand increasing, the fundamentals of rebar have not improved, inventory has increased, and industrial contradictions have continued to accumulate. Steel prices are still prone to pressure. The relative positives are cost increase and peak - season demand expectations. Under the game of long and short factors, rebar is expected to continue the oscillating bottom - finding trend, and attention should be paid to the demand performance [3].