2026年3月30日：宝城期货螺纹钢早报-20260330

1. Industry Investment Rating - No industry investment rating is provided in the report. 2. Core Viewpoints of the Report - The steel price is expected to continue its oscillating trend, and attention should be paid to the support level at the MA20 line and the demand performance [2][3] 3. Summary by Relevant Catalogs 3.1 Variety Viewpoint Reference - For the rebar 2605 contract, the short - term, medium - term, and intraday trends are expected to be oscillating, oscillating, and oscillating with a weak bias respectively. The core logic is that industrial contradictions remain unresolved, and the steel price will continue to oscillate. It is recommended to focus on the support at the MA20 line [2] 3.2 Market Driving Logic - Over the weekend, the spot price of steel remained stable with weak trading volume. The supply - demand pattern of rebar continued to improve seasonally. The production of construction steel mills stabilized, and the rebar output decreased month - on - month, leading to a contraction in supply. However, the profit per ton of the variety is fair but not sustainable. Meanwhile, the demand for rebar continued to improve seasonally, with the weekly apparent consumption increasing month - on - month. But the high - frequency trading volume was average, and there was no substantial change in downstream industries. The subsequent demand growth space is limited. Overall, with constant overseas disturbances, strong raw material performance, and marginal improvement in rebar demand, the steel price is supported. However, the strength of demand improvement is questionable, and there is no substantial change in the fundamentals, so the upward driving force is not strong [3]