宝城期货螺纹钢早报-20250915

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - The short - term, medium - term, and intraday views of Rebar 2601 are oscillatory, oscillatory, and weakly oscillatory respectively. It is recommended to pay attention to the pressure at the MA20 line. The core logic is that the supply - demand pattern is weak, and steel prices are oscillating to find the bottom [2]. - In the current situation of weak supply and demand, the fundamentals of rebar have not improved, industrial contradictions have accumulated, and steel prices continue to be under pressure. Although there are positive factors such as cost increase and peak - season expectations, it is expected that steel prices will continue the oscillatory bottom - finding trend, and attention should be paid to the demand performance [3]. 3. Summary by Related Content Variety Viewpoint Reference - For Rebar 2601, the short - term view is oscillatory, the medium - term view is oscillatory, and the intraday view is weakly oscillatory. The view reference is to pay attention to the pressure at the MA20 line, with the core logic of a weak supply - demand pattern and steel prices oscillating to find the bottom [2]. Market Driving Logic - Over the weekend, the spot price of steel remained stable with average trading volume. Rebar continued the situation of weak supply and demand. The production of construction steel mills weakened, and the weekly output of rebar decreased month - on - month, but the sustainability of production cuts during the peak season needs to be tracked. Inventory continued to increase, and the supply pressure was not relieved [3]. - The demand for rebar was weak. High - frequency indicators rebounded slightly from a low level, and downstream industries remained sluggish. The peak - season effect was insufficient, continuing to put pressure on steel prices. With the current weak supply - demand situation, the fundamentals of rebar have not improved, and industrial contradictions have accumulated [3]. - The relatively positive factors are cost increase and peak - season expectations. It is expected that steel prices will continue the oscillatory bottom - finding trend, and attention should be paid to the demand performance [3].