宝城期货螺纹钢早报-20250917

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - The steel price of rebar 2601 is expected to fluctuate in the short - term, medium - term, and show a weak - side fluctuation intraday. It is recommended to pay attention to the support at the MA5 line. The core logic is the game between expectations and reality, and the steel price will fluctuate [2]. - Under the situation of weak supply and demand, the fundamentals of rebar have not improved, and industrial contradictions continue to accumulate. The steel price is still under pressure. With the positive factors of cost increase and production limitation disturbances, the steel price is expected to continue the fluctuating trend, and the demand performance should be monitored [3]. Group 3: Summary by Related Content Variety Viewpoint Reference - For rebar 2601, the short - term, medium - term trend is "fluctuation", and the intraday trend is "weak - side fluctuation". The reference suggestion is to pay attention to the support at the MA5 line, with the core logic being the game between expectations and reality and the steel price's fluctuating operation [2]. Market Driving Logic - The fundamentals of rebar are weakly stable. Although the production has decreased, it's hard to sustain during the peak season, and inventory is increasing, so the supply pressure relief is limited. Demand remains weak, high - frequency indicators are at a low level, and the downstream industry has not improved, with limited marginal improvement in demand. With the game of long and short factors, the steel price is expected to continue fluctuating, and attention should be paid to the demand performance [3].