Today, rebar futures fluctuated upward, closing at 3,313 points, up 1.35%. Spot side, driven by the rise in the futures market, spot prices in some regions followed the increase, and market trading enthusiasm improved moderately, with overall transactions being moderate. Supply side, according to SMM's weekly maintenance survey, this week's impact from maintenance on construction materials was 1.5716 million mt, down 63,000 mt WoW, indicating a slight increase in supply. Demand side, with heightened expectations for the Two Sessions and the rally in futures, speculative demand in the market increased significantly, while downstream demand recovered in an orderly manner. Overall, the current imbalance in the construction materials market is not prominent, and under macro expectation speculation, market prices are expected to continue to rise slightly.
