From now to next year's Spring Festival, it belongs to the off-season demand for rebar. During this period, the market pays more attention to the winter storage price of rebar. The purpose of steel traders' winter storage is to prepare goods for the peak demand season from April to May next year, so the main reference standard for the price of rebar winter storage should be the price of rebar in the peak demand season from April to May next year.
According to the deduction of the relationship between supply and demand of rebar, the fundamentals of rebar in the first half of next year remain optimistic. Although in recent years, due to the tense iron ore trade relationship with Australia, the domestic steel market is still stable with the supplement of other countries to China's iron ore trade, and driven by the strong absolute demand, the domestic steel market will be in the peak demand period in the first half of next year Therefore, there is still room for further improvement in the future.