December 8, 2025, Weekly Market Observation: Rapid Destocking and Positive Macroeconomic Sentiment Resonate, Steel Prices Show Resilience Amidst the Game
Last week, the rebar market performed better than expected despite a weak supply and demand environment, with the national average price rising 1.06% week-on-week to 3326 yuan/ton. The core driver was that the supply-side contraction was significantly stronger than the seasonal decline in demand, accelerating inventory destocking. This, coupled with continued positive expectations for macroeconomic policies, provided support for prices. However, as actual transactions weakened, market sentiment became unstable, and the battle between bulls and bears intensified. Institutions generally expect steel prices to exhibit a volatile trend of "first decline, then rise" next week.
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