Group 1: Report Industry Investment Rating - No industry investment rating information is provided in the report. Group 2: Core Viewpoints of the Report - The short - term and intraday view of rebar 2510 is oscillating weakly, the medium - term view is oscillating, and it is recommended to pay attention to the pressure at the MA5 line. The core logic is the poor supply - demand pattern and the steel price is searching for the bottom weakly [2]. - In the situation of both supply and demand increasing, the fundamentals of rebar have not improved, industrial contradictions have accumulated, inventory has continued to increase, and the steel price continues to be under pressure. It is expected that rebar will continue the trend of searching for the bottom weakly, and attention should be paid to the demand performance [3]. Group 3: Summary by Related Content Variety Viewpoint Reference - For rebar 2510, the short - term view is oscillating weakly, the medium - term view is oscillating, and the intraday view is also oscillating weakly. The view reference is to pay attention to the pressure at the MA5 line, and the core logic is the poor supply - demand pattern and the steel price is searching for the bottom weakly [2]. Market Driving Logic - The supply - demand pattern of rebar is weak. The production of construction steel mills is active, and the rebar output has rebounded to the highest level this year, increasing the supply pressure. The demand for rebar has improved, with high - frequency indicators rising from the low level, but it is still at a low level in the same period in recent years, and the improvement space is limited due to the lack of improvement in downstream industries. In the situation of both supply and demand increasing, the fundamentals of rebar have not improved, industrial contradictions have accumulated, inventory has continued to increase, and the steel price continues to be under pressure. The relatively positive factors are the rising cost and the expectation of the peak season [3].

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The short - term and intraday view of rebar 2510 is oscillating weakly, and the medium - term view is oscillating. 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 under pressure [2]. - Due to weak market sentiment, poor supply - demand pattern, and weak demand in the off - season, steel prices are under pressure. However, the recent increase in cost limits the downward space, and it is expected that steel prices will continue the weak operation trend. Attention should be paid to the production and sales data released by Steel Union today [3]. Group 3: Summary by Relevant Catalogs Variety Viewpoint Reference - For rebar 2510, the short - term and intraday trends are oscillating weakly, the medium - term trend is oscillating. The view is to pay attention to the pressure at the MA5 line, and the core logic is the accumulation of industrial contradictions and the pressure on steel prices [2]. Market Driving Logic - Market sentiment has weakened, the supply - demand pattern of rebar is poor. Supply has shrunk but the profit per ton is okay with limited production reduction space. Demand continues the seasonal weakness, high - frequency indicators are at a low level, and the weak demand restricts steel prices. Although the cost has increased recently, the downward space is limited. Overall, steel prices are expected to continue the weak operation trend [3].

Report Summary 1) Reported Industry Investment Rating No information provided on the industry investment rating. 2) Core View of the Report The steel price of rebar is expected to continue the weak oscillatory trend. The industry contradictions are accumulating, and the steel price is under pressure. However, the cost has increased, limiting the downward space. The performance of demand should be closely monitored [1][2]. 3) Summaries Based on Related Contents Variety View Reference - For rebar 2510, the short - term and intraday trends are weakly oscillatory, and the medium - term trend is oscillatory. Attention should be paid to the pressure at the MA5 line, with the core logic being the accumulation of industrial contradictions leading to the weak operation of steel prices [1]. Market Driving Logic - The supply - demand pattern of rebar remains weak, and inventory continues to accumulate. The weekly output of rebar decreased by 58,000 tons compared to the previous week, but the sustainability of production cuts needs to be tracked due to acceptable profit per ton. - The demand for rebar is at a low level. The weekly apparent demand increased by 48,600 tons compared to the previous week, and the high - frequency daily trading volume remains sluggish. Both are at the low level of the same period, and the off - season characteristics persist, putting pressure on the steel price. - The supply and demand of rebar are operating steadily, but industrial contradictions are accumulating. The steel price is under pressure, and the increase in cost limits the downward space [2].