SMM Rebar Daily: Macro Sentiment Drives Price Volatility, Market Adopts Wait-and-See Stance

SMM Rebar Daily Review: Macro Sentiment Dominates Price Fluctuations, Market in Wait-and-See Mode

Affected by rumors, rebar futures experienced significant volatility today. The most-traded 2505 contract reached a high of 3,299 and a low of 3,254, closing at 3,282 yuan/mt, up 0.43% from the previous trading day. On the spot side, early morning prices in various regions mostly held steady, with moderate trading at lower prices. In the afternoon, as the futures market fluctuated, sentiment turned cautious, and transactions weakened compared to the morning.