宝城期货螺纹钢早报（2025年10月16日）-20251016

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The short - term view of rebar 2601 is weak shock, the medium - term view is shock, and the intraday view is also weak shock. Attention should be paid to the pressure at the MA5 line, with the steel price seeking the bottom weakly due to poor fundamentals [1] - The rebar fundamentals continue to be weak. In the situation of weak supply and demand, the fundamentals of rebar are not good, and it is expected that the steel price will continue the trend of seeking the bottom weakly [2] Group 3: Summary by Related Catalogs Variety Viewpoint Reference - For rebar 2601, the short - term is weak shock, the medium - term is shock, and the intraday is weak shock. The reference view is to pay attention to the pressure at the MA5 line, and the core logic is that the fundamentals are poor and the steel price is seeking the bottom weakly [1] Market Driving Logic - The rebar fundamentals continue to be weak. The production of construction steel mills is weakening, supply is shrinking to a low level, but the kinetic energy of production reduction in the peak season is doubtful, and the inventory is relatively high, so the positive effect is limited. The demand for rebar is also poor, high - frequency indicators are declining weakly, and the downstream shows no improvement. The peak season is expected to be lackluster. Under the situation of weak supply and demand, the fundamentals of rebar are poor, and the steel price is expected to continue the trend of seeking the bottom weakly. Attention should be paid to the rebar supply - demand data released by Steel Union today [2]