宝城期货螺纹钢早报-20250905

Group 1: Report Investment Rating - No investment rating information provided Group 2: Core Viewpoints - The short - term view of rebar 2601 is weakly volatile, the medium - term view is volatile, and the intraday view is weakly volatile. Attention should be paid to the pressure at the MA10 line. The core logic is that the fundamentals are operating weakly and steel prices are under pressure [2]. - The rebar market continues the trend of oscillating to find the bottom under the game of long and short factors, and attention should be paid to the demand performance [3]. Group 3: Summary by Related Content Variety Viewpoint Reference - For rebar 2601, the short - term is weakly volatile, the medium - term is volatile, and the intraday is weakly volatile. The reference view is to pay attention to the pressure at the MA10 line, with the core logic of weak fundamentals and steel prices under pressure. There are also explanations for the calculation of price changes and the definitions of volatility trends [2]. Market Driving Logic - The weak pattern of rebar fundamentals remains unchanged. Weekly production has slightly declined from a high level, but the enthusiasm for production in the peak season remains, and the supply pressure is not relieved. Demand is running weakly, high - frequency indicators have declined and are at a low level in recent years, and the improvement space for peak - season demand is questionable. Both supply and demand have weakened, inventory has continued to increase, and steel prices are under pressure. Under the game of positive peak - season expectations and rising costs, steel prices continue to oscillate to find the bottom, and attention should be paid to demand performance [3].