宝城期货螺纹钢早报（2026年3月12日）-20260312

1. Report Industry Investment Rating - No information provided in the report 2. Core Viewpoints of the Report - The short - term, medium - term, and intraday trends of rebar 2605 are expected to be volatile, volatile, and volatile with a slight upward bias respectively. It is recommended to focus on the support at the MA5 line, as strong cost support helps the steel price stabilize in a volatile manner [2]. - The supply - demand pattern of rebar is weakly stable. The supply pressure increases due to the resumption of production of construction steel mills, an increase in rebar output, and a high inventory level. The demand is also recovering, but it remains at a relatively low level, and the improvement space needs further tracking. With both supply and demand increasing, the steel price is under pressure, but the strong raw materials provide cost support, so it is expected to remain stable in a volatile state. Attention should be paid to the production and sales data released by Mysteel today [3]. 3. Summary of Key Points by Relevant Content Variety Viewpoint Reference - For rebar 2605, the short - term view is volatile, the medium - term view is volatile, and the intraday view is volatile with a slight upward bias. The reference view is to focus on the support at the MA5 line, and the core logic is strong cost support and the steel price stabilizing in a volatile manner [2]. Market Driving Logic - The supply - demand pattern of rebar is weakly stable. The supply pressure increases as construction steel mills resume production, rebar output increases, and the inventory level is high. The demand is recovering but remains low, and the improvement space needs further tracking. With both supply and demand increasing, the steel price is under pressure, but strong raw materials provide cost support, so it is expected to remain stable in a volatile state. The production and sales data released by Mysteel today should be monitored [3]