According to SMM, today's rebar fluctuated all day, closing at 3627, up 0.30% from the previous trading day, and the spot market price was running sideways. On the supply side, affected by the overall loss of steel mills, the blast furnace start-up rate of this period, according to SMM statistics, was 91.53%, down 1.63% from the holiday, and the data obviously declined, with expectations of reduced supply. On the demand side, steel prices have stabilized and market sentiment has improved slightly, trading atmosphere has warmed up, terminal procurement continues to follow the demand strategy, and transactions are generally weak throughout the day.

Looking ahead, rebar inventories this week show a trend of destocking, the contradictions accumulated in the holiday are gradually easing, the market bearish sentiment is gradually digested, and the atmosphere is slightly warming up. It is recommended to pay attention to the macroeconomic data of real estate in September to be released soon. If the data is good, market confidence is expected to be restored, and under the emotional drive, steel prices may be able to get out of the slump and rebound slightly.