This report is provided by MacroTerms.com

Data as of: 2026-10-13 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)

Rebar (SHFE.RB) In-Depth Analysis Report | Bearish Bias: Risk of Position-Increase Breakdown | 2026-10-14

The current directional assessment for rebar (RB2701) is bearish bias. The core driver is that the main contract is falling on rising open interest, with clear signs of active short positioning, and price has broken below the lower band of the 20-day channel, leaving technicals under pressure. On the fundamentals side, inventory pressure and weak demand are resonating, compounded by bearish macro data expectations, further weighing on prices. The condition for the directional view to fail is a daily close firmly above 3103.33 (R1) or an effective night-session breakout above 3110.