Group 1: Report's Investment Rating - There is no information about the industry investment rating in the report. Group 2: Core Viewpoints of the Report - The short - term view of rebar 2510 is weak oscillation, the medium - term view is oscillation, and the intraday view is strongly - biased oscillation. It is recommended to focus on the support level of MA20. The core logic is the poor fundamentals and the weak oscillation of steel prices [2]. - In the context of the double - weak situation of supply and demand, the fundamentals of rebar are weak. With the poor market sentiment, steel prices are prone to be under pressure and run weakly. However, the low - inventory pattern limits the industrial contradictions and the downward space. It is expected that steel prices will maintain a weak oscillation state, and attention should be paid to the production situation of steel mills [3]. Group 3: Summary by Catalog Variety Viewpoint Reference - For rebar 2510, the short - term is weakly oscillating, the medium - term is oscillating, and the intraday is strongly - biased oscillating. The core logic is the poor fundamentals and the weak oscillation of steel prices. There are also explanations for the calculation of price changes and the definitions of different price trends [2]. Market Driving Logic - The previous optimistic expectations have been revised, the market sentiment has weakened, and the supply - demand pattern of rebar continues the seasonal weakness. The production of construction steel mills is weakening, the weekly output of rebar has decreased slightly, but the profit per ton of the variety is good, so the low - supply pattern is difficult to continue. At the same time, the demand for rebar has weakened again, high - frequency indicators have declined, and it is at a low level in the same period in recent years. The weak demand pattern in the off - season remains unchanged, continuing to put pressure on steel prices. In general, the steel price is expected to maintain a weak oscillation state, and attention should be paid to the production situation of steel mills [3].

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core View of the Report - The short - term view of rebar 2510 is a rise, the medium - term view is a strong - biased oscillation, and the intraday view is a weak - biased oscillation. It is recommended to pay attention to the support at the MA5 line. The core logic is that the optimistic sentiment persists and the steel price oscillates upwards [2]. - The rebar fundamentals continue the seasonal weakness. The steel price is still prone to pressure during the off - season, but the current industrial contradictions are not significant. The expectation of policy benefits boosts market sentiment, and the strong raw materials provide cost support, so the steel price continues the oscillatory upward trend. Attention should be paid to policy changes [3]. Group 3: Summary by Relevant Catalog Variety View Reference - For rebar 2510, short - term is rising, medium - term is strong - biased oscillation, intraday is weak - biased oscillation. The view is to pay attention to the MA5 line support, with the core logic of persistent optimistic sentiment and rising steel prices [2]. Market Driving Logic - The optimistic sentiment persists and the steel price rises strongly. The supply - demand pattern of rebar is weakly stable. The production of construction steel mills weakens, the rebar output declines continuously, and the supply contracts. However, the profit per ton of the variety is good and some varieties start to switch production, so the positive effect is not strong [3]. - The rebar demand also weakens. The high - frequency demand indicators remain at the low level in the same period in recent years, showing obvious off - season characteristics. The downstream industries have not improved, and the weak demand is likely to put pressure on the steel price [3]. - The rebar fundamentals continue the seasonal weakness. The steel price is still prone to pressure during the off - season, but the current industrial contradictions are not significant. The expectation of policy benefits boosts market sentiment, and the strong raw materials provide cost support, so the steel price continues the oscillatory upward trend. Attention should be paid to policy changes [3].