宝城期货螺纹钢早报-20251013

Report Summary 1. Report Industry Investment Rating No information provided in the report. 2. Core Viewpoints - The short - term view of rebar 2601 is weak and volatile, the medium - term view is volatile, and the intraday view is also weak and volatile. It is recommended to pay attention to the pressure at the MA20 line. The core logic is the accumulation of industrial contradictions and the steel price is seeking the bottom weakly [1]. - Under the double - weak situation of supply and demand, the industrial contradictions continue to accumulate, the inventory increases significantly during the holiday, the steel price is under pressure again, and the steel price is expected to continue the volatile bottom - seeking trend in the short term. It is necessary to pay attention to the demand recovery after the holiday [2]. 3. Summary by Related Contents 3.1 Variety Viewpoint Reference - For rebar 2601, the short - term is weak and volatile, the medium - term is volatile, and the intraday is weak and volatile. The reference view is to pay attention to the pressure at the MA20 line, and the core logic is the accumulation of industrial contradictions and the steel price is seeking the bottom weakly [1]. 3.2 Market Driving Logic - Due to tariff disturbances, market sentiment has weakened, and the spot price of steel has fallen over the weekend. Rebar continues the double - weak situation of supply and demand. The production of construction steel mills is weakening, supply is shrinking, but the reduction space in the peak season is questionable, and the inventory is relatively high, so the positive effect is not strong. - Affected by the holiday, demand is weak, and there is no improvement in the downstream. The quality of the peak season needs to be tracked. - Currently, rebar supply is shrinking and demand is weak. Under the double - weak situation, industrial contradictions continue to accumulate. The inventory has increased significantly during the holiday, and the steel price is under pressure again. The relative positive factor is cost support. In the short term, the weak sentiment dominates, and the steel price is expected to continue the volatile bottom - seeking trend. It is necessary to pay attention to the demand recovery after the holiday [2].