Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Report's Core View - The short - term view of rebar 2601 is weak oscillation, the medium - term view is oscillation, and the intraday view is also weak oscillation. It is recommended to pay attention to the pressure at the MA5 line. The core logic is that industrial contradictions are accumulating, and steel prices are seeking the bottom weakly [2]. - The rebar market remains in a situation of weak supply and demand. The weekly output of rebar continues to decline due to production conversion and short - process steel mill production cuts, but the sustainability of production cuts during the peak season needs to be tracked, and the high inventory does not relieve the supply pressure. Meanwhile, rebar demand remains weak, with high - frequency indicators running at a low level and no improvement in downstream industries. The peak - season performance is still poor, continuously pressuring steel prices. With cost increase and peak - season expectations as the only positives, steel prices are expected to continue the weak bottom - seeking trend, and attention should be paid to demand performance [3]. 3. Summary by Relevant Contents Variety View Reference - For rebar 2601, the short - term view is weak oscillation, the medium - term view is oscillation, and the intraday view is weak oscillation. The view reference is to pay attention to the pressure at the MA5 line, and the core logic is the accumulation of industrial contradictions and the steel price's weak bottom - seeking [2]. Market Driving Logic - The rebar market has a pattern of weak supply and demand. Production conversion and short - process steel mill production cuts lead to a continuous decline in weekly rebar output, but the sustainability of production cuts during the peak season is uncertain, and high inventory does not ease supply pressure. Demand remains weak, with high - frequency indicators at a low level and no improvement in downstream industries. The poor peak - season performance pressures steel prices. With cost increase and peak - season expectations as positives, steel prices are expected to continue the weak bottom - seeking trend, and demand performance should be monitored [3]

投资咨询业务资格：证监许可【2011】1778 号 宝城期货螺纹钢早报（2025 年 6 月 9 日） ◼ 品种观点参考 时间周期说明：短期为一周以内、中期为两周至一月 | 品种 | 短期 | 中期 | 日内 | 观点参考 | 核心逻辑概要 | | --- | --- | --- | --- | --- | --- | | 螺纹 2510 | 震荡 偏弱 | 震荡 | 震荡 偏弱 | 关注 MA5 一线支撑 | 淡季特征显现，钢价承压运行 | 说明： 2.跌幅大于 1%为下跌，跌幅 0~1%为震荡偏弱，涨幅 0~1%为震荡偏强，涨幅大于 1%为上涨。 3.震荡偏强/偏弱只针对日内观点，短期和中期不做区分。 ◼ 行情驱动逻辑 周末钢材现货价格小幅下跌，成交表现偏弱，而螺纹钢供需两端有所走弱，建筑钢厂生产趋 弱，螺纹钢产量持续下降；但需求表现同样不佳，高频指标偏弱运行，淡季特征显现，供需双弱局 面螺纹基本面未见改善，钢价继续承压运行，相对利好还是库存偏低，现实端矛盾不大，预期现实 博弈下螺纹价格延续震荡寻底态势，关注需求表现情况。 （仅供参考，不构成任何投资建议） 专业研究·创造价值 1 / 2 请务必阅读文末免 ...

2.跌幅大于 1%为下跌，跌幅 0~1%为震荡偏弱，涨幅 0~1%为震荡偏强，涨幅大于 1%为上涨。 投资咨询业务资格：证监许可【2011】1778 号 宝城期货螺纹钢早报（2025 年 4 月 30 日） ◼ 品种观点参考 时间周期说明：短期为一周以内、中期为两周至一月 | 品种 | 短期 | 中期 | 日内 | 观点参考 | 核心逻辑概要 | | --- | --- | --- | --- | --- | --- | | 螺纹 2510 | 震荡 | 震荡 | 震荡 偏弱 | 关注 MA5 一线压力 | 节前资金离场，钢价偏弱运行 | 说明： 1.有夜盘的品种以夜盘收盘价为起始价格，无夜盘的品种以昨日收盘价为起始价格，当日日盘收盘价为终点价格， 计算涨跌幅度。 3.震荡偏强/偏弱只针对日内观点，短期和中期不做区分。 ◼ 行情驱动逻辑 螺纹钢供需格局变化不大，周产量环比下降，供应延续弱稳运行，相反周度表需环比下降，需 求再度走弱，旺季表现不佳，基本面改善未能延续，叠加节前风险偏好趋弱，资金主动离场，钢价 继续承压偏弱运行，重点关注持仓变化情况。 （仅供参考，不构成任何投资建议） 专业研究·创造价值 1 / ...