Ruida Futures(SZ:002961) Rui Da Qi Huo·2026-03-30 08:51Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoint On Monday, the RB2605 contract rebounded with a reduction in positions. In late March, many banks in Jiangsu, Jilin, Fujian, Sichuan and other places initiated a new round of "interest rate cuts", with deposit rates generally dropping to the "1" level. In terms of supply and demand, the weekly output of rebar decreased, and the capacity utilization rate dropped to 43.37%. Downstream demand continued to increase, and inventory continued to decline. Overall, the apparent demand for rebar rebounded above 2.2 million tons, and the market sentiment improved. The short - term market may fluctuate. Technically, the 1 - hour MACD indicator of the RB2605 contract shows that DIFF and DEA cross - rebounded at a low level, and the red bar enlarged. It is recommended for short - term trading with attention to risk control [2]. 3. Summary by Directory 3.1 Futures Market - RB main contract closing price: 3,139.00 yuan/ton, up 15 yuan [2] - RB main contract position: 976,441 lots, down 99,718 lots [2] - RB contract top 20 net position: - 48,433 lots, up 20,191 lots [2] - RB5 - 10 contract spread: - 29 yuan/ton, down 2 yuan [2] - RB Shanghai Futures Exchange warehouse receipt: 99,613 tons, unchanged [2] - HC2605 - RB2605 contract spread: 169 yuan/ton, down 6 yuan [2] 3.2 Spot Market - Hangzhou HRB400E 20MM (theoretical weight): 3,280.00 yuan/ton, up 20 yuan [2] - Hangzhou HRB400E 20MM (actual weight): 3,364 yuan/ton, up 21 yuan [2] - Guangzhou HRB400E 20MM (theoretical weight): 3,440.00 yuan/ton, unchanged [2] - Tianjin HRB400E 20MM (theoretical weight): 3,210.00 yuan/ton, up 10 yuan [2] - RB main contract basis: 141.00 yuan/ton, up 5 yuan [2] - Hangzhou hot - rolled coil - rebar spot spread: 40.00 yuan/ton, down 10 yuan [2] 3.3 Upstream Situation - Qingdao Port 60.8% PB iron ore fines: 792.00 yuan/wet ton, up 4 yuan [2] - Tianjin Port first - class metallurgical coke (FOB price): 1,490.00 yuan/ton, unchanged [2] - Tangshan 6 - 8mm scrap steel (tax - excluded): 2,180.00 yuan/ton, unchanged [2] - Hebei Q235 billet: 2,970.00 yuan/ton, up 10 yuan [2] - 45 - port iron ore inventory: 169.9684 million tons, down 1.0583 million tons [2] - Sample coking plant coke inventory: 497,600 tons, down 25,900 tons [2] 3.4 Industry Situation - Sample steel mill coke inventory: 6.9173 million tons, up 39,500 tons [2] - Tangshan billet inventory: 2.3994 million tons, down 95,900 tons [2] - 247 steel mill blast furnace operating rate: 81.05%, up 1.25 percentage points [2] - 247 steel mill blast furnace capacity utilization rate: 86.65%, up 1.10 percentage points [2] - Sample steel mill rebar output: 1.9787 million tons, down 54,600 tons [2] - Sample steel mill rebar capacity utilization rate: 43.37%, down 1.20 percentage points [2] - Sample steel mill rebar inventory: 2.1916 million tons, down 170,400 tons [2] - 35 - city rebar social inventory: 6.4275 million tons, down 104,600 tons [2] - Independent electric arc furnace steel mill operating rate: 69.79%, up 3.12 percentage points [2] - Domestic crude steel output: 68.18 million tons, down 1.69 million tons [2] - Chinese rebar monthly output: 13.75 million tons, up 190,000 tons [2] - Steel net export volume: 7.47 million tons, up 180,000 tons [2] 3.5 Downstream Situation - National real estate climate index: 91.45, down 0.44 [2] - Cumulative year - on - year growth rate of fixed - asset investment: - 3.80%, down 5.60 percentage points [2] - Cumulative year - on - year growth rate of real estate development investment: - 17.20%, down 6.10 percentage points [2] - Cumulative year - on - year growth rate of infrastructure investment: - 2.20%, down 2.20 percentage points [2] - Cumulative value of housing construction area: 6.5989 billion square meters, down 1.24518 billion square meters [2] - Cumulative value of new housing construction area: 587.7 million square meters, down 536.86 million square meters [2] - Commodity housing unsold area: 402.36 million square meters, up 35.16 million square meters [2] 3.6 Industry News - On March 30, an Iranian parliamentarian said that Iran is seriously considering withdrawing from the Non - Proliferation Treaty and plans to implement stricter access and toll systems for ships passing through the Strait of Hormuz [2]. - On March 27, the US and Israel launched air strikes on Iranian steel plants, which are expected to create a rigid supply gap of 5 - 5.5 million tons/year in the short term, with the most prominent gaps in plates, billets and long products [2].