瑞达期货螺纹钢产业链日报-20260310

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - On Tuesday, the RB2605 contract adjusted with a reduction in positions. During the Two Sessions in 2026, many NPC deputies and CPPCC members put forward suggestions on the development of the steel industry, focusing on capacity regulation, rectifying "involution - style" competition, and supporting the development of "AI + steel". The weekly output of rebar increased, terminal demand also rose, but inventory was increasing, and the supply - demand situation remained relatively loose. Trump said that the war with Iran might end soon, international oil prices fell from high levels, market panic decreased, and commodity prices generally corrected. Technically, the 1 - hour MACD indicator of the RB2605 contract showed that DIFF and DEA were adjusting at high levels, and the red column turned green. It is recommended for short - term trading and attention should be paid to risk control [2] 3. Summary by Relevant Catalogs Futures Market - The closing price of the RB main contract was 3,104.00 yuan/ton, down 15 yuan; the trading volume was 1,731,363 lots, down 9,469 lots; the net position of the top 20 in the RB contract was - 2,322 lots, up 30,995 lots; the RB5 - 10 contract spread was - 28 yuan/ton, unchanged; the RB warehouse receipt at the Shanghai Futures Exchange was 24,151 tons, unchanged; the HC2605 - RB2605 contract spread was 152 yuan/ton, up 1 yuan [2] Spot Market - The price of HRB400E 20MM in Hangzhou (theoretical weight) was 3,270.00 yuan/ton, down 20 yuan; the price of HRB400E 20MM in Hangzhou (actual weight) was 3,354 yuan/ton, down 21 yuan; the price of HRB400E 20MM in Guangzhou (theoretical weight) was 3,400.00 yuan/ton, unchanged; the price of HRB400E 20MM in Tianjin (theoretical weight) was 3,150.00 yuan/ton, unchanged; the basis of the RB main contract was 166.00 yuan/ton, down 5 yuan; the spot price difference between hot - rolled coils and rebar in Hangzhou was 10.00 yuan/ton, up 10 yuan [2] Upstream Situation - The price of 60.8% PB iron ore fines at Qingdao Port was 770.00 yuan/wet ton, down 8 yuan; the price of first - grade metallurgical coke at Tianjin Port (FOB) was 1,540.00 yuan/ton, unchanged; the price of 6 - 8mm scrap steel in Tangshan (tax - excluded) was 2,170.00 yuan/ton, unchanged; the price of Q235 billets in Hebei was 2,960.00 yuan/ton, up 30 yuan; the inventory of iron ore at 45 ports was 171.2272 million tons, up 264,100 tons; the inventory of coke at sample coking plants was 630,300 tons, up 4,400 tons; the inventory of coke at sample steel mills was 6.7153 million tons, down 35,300 tons; the blast furnace operating rate of 247 steel mills was 77.69%, down 2.55%; the blast furnace capacity utilization rate of 247 steel mills was 85.30%, up 13.19%; the inventory of billets in Tangshan was 2.3265 million tons, down 21,800 tons [2] Industry Situation - The weekly output of rebar at sample steel mills was 1.7331 million tons, up 82,100 tons; the capacity utilization rate of rebar at sample steel mills was 37.99%, up 1.80%; the inventory of rebar at sample steel mills was 2.3793 million tons, up 50,900 tons; the social inventory of rebar in 35 cities was 6.3775 million tons, up 699,900 tons; the operating rate of independent electric arc furnace steel mills was 35.42%, up 23.96%; the monthly output of domestic crude steel was 68.18 million tons, down 1.69 million tons; the monthly output of Chinese steel bars was 13.75 million tons, up 190,000 tons; the net export volume of steel was 10.78 million tons, up 3.3111 million tons [2] Downstream Situation - The national real - estate climate index was 91.45, down 0.44; the cumulative year - on - year growth rate of fixed - asset investment was - 3.80%, down 1.20%; the cumulative year - on - year growth rate of real - estate development investment was - 17.20%, down 1.30%; the cumulative year - on - year growth rate of infrastructure construction investment was - 2.20%, down 1.10%; the cumulative value of housing construction area was 6.5989 billion square meters, down 38.24 million square meters; the cumulative value of new housing construction area was 587.7 million square meters, down 53.13 million square meters; the area of unsold commercial housing was 402.36 million square meters, down 8.75 million square meters [2] Industry News - According to data from the General Administration of Customs on March 10, from January to February 2026, China's cumulative steel exports were 15.591 million tons, a year - on - year decrease of 8.1%. From January to February 2026, China's cumulative steel imports were 827,000 tons, a year - on - year decrease of 21.7%. From March 2nd to March 8th, the total transaction (signing) area of newly - built commercial housing in 10 key cities was 1.0084 million square meters, a month - on - month decrease of 23.6% and a year - on - year decrease of 34.4%. During the same period, the total transaction (signing) area of second - hand housing in 10 key cities was 1.6341 million square meters, a month - on - month increase of 25% and a year - on - year decrease of 29% [2]