华宝期货晨报成材-20260213

Report Summary 1) Report Industry Investment Rating - Not provided in the given content 2) Core View of the Report - The report suggests that the finished products will fluctuate weakly, and attention should be paid to the 3000 support level for rebar [3]. 3) Summary According to Related Contents - Production Data: Affected by the Spring Festival holiday, the production of rebar decreased by 225,200 tons to 1.6916 million tons, hot - rolled coil production decreased by 14,000 tons to 3.0776 million tons, and the total production of five major steel products decreased by 258,400 tons to 7.9406 million tons [2]. - Inventory Data: The total inventory of rebar increased by 652,500 tons to 5.8482 million tons, the total inventory of hot - rolled coil increased by 115,700 tons to 3.7077 million tons, and the total inventory of five major steel products increased by 1.0398 million tons to 14.4173 million tons [2]. - Apparent Demand Data: The apparent demand for rebar decreased by 437,300 tons to 1.0391 million tons, the apparent demand for hot - rolled coil decreased by 93,500 tons to 2.9619 million tons, and the apparent demand for five major steel products decreased by 705,800 tons to 6.9008 million tons [2]. - Market Situation: The finished products were still trading in a narrow range yesterday. As the Spring Festival approaches, the spot market is gradually entering the holiday mode. There may still be capital outflows before the festival, leading to a decline in market trading. The macro situation is calm and has little impact on prices [3]. - Later Concerns: Macro - policies and downstream demand conditions should be monitored [3].