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Data as of: 2026-10-27 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)

Rebar (SHFE.RB) Deep Analysis Report | Bearish Oscillation Pressured | 2026-10-28

Bearish oscillation, market focuses on macro policies and the price differential between international and Chinese markets. On the previous trading day, rebar closed at 3040, down 0.03% against settlement, and rebounded to 3045 in the night session. The net long position of the top 20 seats expanded to 944 hands, with main nominal positions increasing despite price declines, indicating active long-side building. Technically, prices are below the 20-day range, pressured near the pivot of 3032, with support at 3020. Cross-asset-wise, the gold-silver ratio at 74.75 is at the 91.27 percentile, indicating relative strength, but with limited transmission to rebar. Expected to oscillate in the 3012-3131 range short-term, focusing on USD index and macro data influences.