Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-09-23 09:14Report Overview - Report Date: September 23, 2025 [1] - Report Type: Daily Report on the Rebar Industry Chain 1. Report Industry Investment Rating No information provided. 2. Report's Core View - On Tuesday, the RB2601 contract decreased with increased positions. The five - department joint plan aims for a 4% annual growth in the steel industry's added - value in the next two years. Rebar weekly production declined, while terminal demand recovered, inventory dropped, and apparent demand continued to rise. Short - term demand in South China may decrease due to the typhoon, and pre - holiday market fluctuations are large. Technically, the 1 - hour MACD of the RB2601 contract shows a downward adjustment. Short - term trading is recommended with attention to rhythm and risk control [2] 3. Summary by Related Catalogs 3.1 Futures Market - RB main contract closing price: 3,155 yuan/ton, down 30 yuan; position: 1,881,412 lots, up 20,270 lots; top 20 net positions: - 221,058 lots, down 51,645 lots; RB1 - 5 contract spread: - 57 yuan/ton, up 2 yuan; RB SHFE warehouse receipt: 273,090 tons, up 32,859 tons; HC2601 - RB2601 contract spread: 185 yuan/ton, down 10 yuan [2] 3.2现货市场 - Hangzhou HRB400E 20MM (theoretical weight): 3,320 yuan/ton, down 20 yuan; (actual weight): 3,405 yuan/ton, down 21 yuan; Guangzhou HRB400E 20MM (theoretical weight): 3,350 yuan/ton, unchanged; Tianjin HRB400E 20MM (theoretical weight): 3,230 yuan/ton, down 10 yuan; RB main contract basis: 165 yuan/ton, up 10 yuan; Hangzhou hot - rolled coil - rebar spot spread: 90 yuan/ton, down 20 yuan [2] 3.3 Upstream Situation - Qingdao Port 61.5% PB iron ore fines: 797 yuan/wet ton, down 9 yuan; Hebei quasi - first - grade metallurgical coke: 1,490 yuan/ton, unchanged; Tangshan 6 - 8mm scrap steel (tax - free): 2,290 yuan/ton, unchanged; Hebei Q235 billet: 3,030 yuan/ton, down 20 yuan; 45 - port iron ore inventory: 138.0422 million tons, down 489,100 tons; sample coking plant coke inventory: 422,100 tons, down 15,500 tons [2] 3.4 Industry Situation - Sample steel mill coke inventory: 6.449 million tons, up 112,900 tons; Tangshan billet inventory: 1.2173 million tons, down 72,200 tons; 247 steel mill blast furnace operating rate: 84%, up 0.15%; 247 steel mill blast furnace capacity utilization: 90.38%, up 0.18%; sample steel mill rebar production: 2.0645 million tons, down 54,800 tons; sample steel mill rebar capacity utilization: 45.26%, down 1.2%; sample steel mill rebar inventory: 1.6507 million tons, down 15,600 tons; 35 - city rebar social inventory: 4.8521 million tons, down 20,200 tons; independent electric arc furnace steel mill operating rate: 67.71%, down 2.08%; domestic crude steel production: 77.37 million tons, down 2.29 million tons; Chinese rebar monthly production: 1.518 million tons, down 23,000 tons; steel net export volume: 9.01 million tons, down 380,000 tons [2] 3.5 Downstream Situation - National Real Estate Climate Index: 93.05, down 0.28; cumulative year - on - year growth of fixed asset investment: 0.5%, down 1.1%; cumulative year - on - year growth of real estate development investment: - 12.9%, down 0.9%; cumulative year - on - year growth of infrastructure construction investment: 2%, down 1.2%; cumulative value of housing construction area: 6.43109 billion square meters, down 43.78 million square meters; cumulative value of new housing construction area: 398.01 million square meters, down 45.95 million square meters; commercial housing unsold area: 402.29 million square meters, up 3.07 million square meters [2] 3.6 Industry News - Typhoon "Huajiacha" is expected to land on the coast of western and central Guangdong on the 24th, bringing severe wind, rain, and waves from the 23rd to the 25th. Vice - Premier He Lifeng met with a delegation of US House of Representatives members and called for promoting stable, healthy, and sustainable development of Sino - US economic and trade relations [2]