Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints - For the螺纹2510 variety, the short - term and mid - term trends are expected to be in a range - bound state, while the intraday trend is expected to be slightly bullish. It is recommended to pay attention to the support level of MA5. The core logic is that market sentiment has improved, leading to a slightly bullish and range - bound movement of steel prices [2]. - The supply - demand pattern of rebar is running stably. Before the holiday, demand increased, and the weekly apparent demand increased significantly compared to the previous period, improving the supply - demand pattern. However, the sustainability needs to be monitored, and supply remains at a relatively high level. The fundamental situation has not improved substantially, and steel prices are still prone to pressure. The positive factor is that China - US trade negotiations have started, which has improved market sentiment. With short - term positive factors, rebar prices are expected to move in a slightly bullish and range - bound manner. Attention should be paid to changes in demand [3]. 3. Summary by Related Catalogs Variety Viewpoint Reference - For the螺纹2510 variety, the short - term trend is range - bound, the mid - term trend is range - bound, and the intraday trend is slightly bullish. The reference view is to pay attention to the support level of MA5, and the core logic is the improvement of market sentiment and the slightly bullish and range - bound movement of steel prices [2]. Market Driving Logic - The supply - demand pattern of rebar is stable. Pre - holiday demand increased, and the weekly apparent demand increased significantly, improving the supply - demand pattern, but its sustainability is uncertain. Supply remains at a relatively high level, and the fundamentals have not improved substantially, so steel prices are still under pressure. The start of China - US trade negotiations has improved market sentiment, and rebar prices are expected to move in a slightly bullish and range - bound manner. Attention should be paid to demand changes [3]