Report Summary 1. Industry Investment Rating No industry investment rating is provided in the report. 2. Core View The report suggests that the rebar 2510 contract is expected to continue its oscillatory bottom - seeking trend. It advises to pay attention to the pressure at the MA5 line, with the core logic being the accumulation of industrial contradictions that put downward pressure on steel prices [2][3]. 3. Summary by Relevant Content 3.1 Variety View Reference - For the rebar 2510 contract, the short - term view is oscillatory and weak, the medium - term view is oscillatory, and the intraday view is also oscillatory and weak. It is recommended to focus on the pressure at the MA5 line, and the core logic is the accumulation of industrial contradictions leading to downward pressure on steel prices [2]. 3.2 Market Driving Logic - Over the weekend, steel spot prices declined slightly with average trading volume. Rebar production has risen to a new high for the year, increasing supply pressure. Although rebar demand has improved, the improvement's sustainability is questionable as the downstream situation has not improved. In the current situation of increasing supply and demand, industrial contradictions continue to accumulate, inventory is rising, and steel prices are under pressure. The relatively positive factors are cost increases and expectations of peak - season demand. The report expects rebar to continue its oscillatory bottom - seeking trend and advises to monitor demand performance [3].

Group 1: Report Investment Rating - No investment rating for the industry is provided in the report. Group 2: Core Viewpoints - The short - term, mid - term, and intraday views of rebar 2510 are to be cautious about the pressure at the MA10 line, with short - term and intraday being weakly volatile and mid - term being volatile. The core logic is that the fundamentals are poor and steel prices are under pressure [2]. - In the short term, under the dominance of negative factors, steel prices are expected to continue the weakly volatile trend, and attention should be paid to demand changes [3]. Group 3: Summary by Related Content Variety Viewpoint Reference - For rebar 2510, the short - term view is weakly volatile, the mid - term is volatile, and the intraday is weakly volatile. The view is to pay attention to the pressure at the MA10 line, and the core logic is the poor fundamentals putting pressure on steel prices [2]. Market Driving Logic - The supply of rebar has shrunk, but the sustainability of profit per ton is questionable. Demand is weak, and high - frequency indicators are at a low level. Under the situation of weak supply and demand, the fundamentals of rebar in the off - season are still poor, but the cost increase restricts the downward space. In the short term, steel prices are expected to continue the weakly volatile trend, and attention should be paid to demand changes [3].

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - The short - term, medium - term, and intraday views of rebar 2510 are shock, shock, and shock - biased upward respectively. It is recommended to focus on the support at the MA5 line, with the core logic being that the real - world contradictions are limited and steel prices are stabilizing in a shock pattern [2]. 3. Summary by Relevant Catalogs 3.1 Variety View Reference - The short - term, medium - term, and intraday views of rebar 2510 are shock, shock, and shock - biased upward respectively. The reference suggestion is to focus on the support at the MA5 line, and the core logic is that the real - world contradictions are limited and steel prices are stabilizing in a shock pattern. The calculation of price changes and criteria for different trends are also explained [2]. 3.2 Market Driving Logic - Over the weekend, steel spot prices remained stable. The supply - demand pattern of rebar has seasonally weakened. Construction steel mills have increased production, with the weekly output of rebar slightly increasing but still at a relatively low level, and the supply change is not significant. Meanwhile, rebar demand has seasonally weakened, with weekly apparent demand weakly stable and high - frequency transactions being sluggish. The weak demand is pressuring steel prices. In general, rebar supply is rising while demand continues its seasonal weakness, the fundamentals have not improved, and steel prices are still under pressure. The relatively positive factor is the low inventory and limited real - world contradictions. The short - term trend will maintain a low - level shock pattern, and attention should be paid to the production situation of steel mills [3].

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]