Everbright Futures: Currently, the overall supply and demand fundamentals for rebar remain relatively weak, and the unilateral driving force is not strong.

The output of rebar continues to rebound, inventories have shifted from rising to falling, and the demand and supply data show a clear recovery, with a neutral to slightly bullish performance. The growth rate of fixed asset investment turned positive in January-February, with infrastructure and manufacturing investment growth both significantly rebounding, and the decline in real estate investment also notably narrowing, which to some extent boosts market confidence. However, the overall fundamentals of rebar supply and demand remain relatively weak at present, with weak unilateral driving forces, and market sentiment is greatly affected by changes in Middle Eastern geopolitical tensions. It is expected that in the short term, rebar futures will mainly fluctuate within a narrow range. (Everbright Futures)

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