20251211-大越期货-螺卷早报_39页_2mb

Transaction Consulting Qualification: Confirmed with 证监许可【2012】1091号.

Author: Hu Yuxiu, Investment Consultant at Daliu Futures, with从业资格证号 F03105325 and投资咨询证号 Z0021337. Contact: 0575-85226759.

Market Analysis:

• Rebar (螺纹): Demand remains weak; higher inventory levels; real estate sector continues decline, overall bearish outlook. Pros include low production and high spot prices. Cons include ongoing demand weakening and potential capacity reduction impacts.
• Hot-rolled Coil (热卷): Supply and demand both weakening; lower inventory monthly but increase year-over-year; export issues persist; somewhat neutral outlook with bearish trend due to inventory growth and policy factors. Pros include some demand stability; cons include seasonality and policy uncertainty.
• Key factors to monitor: inventory trends, price movements, and market policies.

Important Notes: This report is for general reference only, not investment advice. Market risk is inherent.

Disclaimer: 本报告仅供参考，不构成任何投资建议。基于本报告的操作风险自负。