Chinese spot market dynamics: The average price of 20mm Grade 3 seismic rebar in 31 major cities in China was $3,862 per tonne, up $14 from the previous session; the Shanghai rebar dollar-denominated index closed at $516.79, up 0.77%. Specifically, rebar futures were running in a strong oscillation in the morning, and market offers continued to rise slightly. However, due to the small amount of demand released a few days ago, the transaction was cautious. After the afternoon, the plate shocked lower, and merchants were mostly wait-and-see, so the transaction was down throughout the day compared with yesterday. Comprehensive expected today's national building materials market prices are weak running mainly.