China spot market dynamics: On June 28, the average price of Grade 3 seismic rebar in 31 major cities in China was $529.58 per ton, up $1.52 from the previous trading day; the Shanghai rebar dollar-denominated index closed at $513.64, down 0.11%. Specifically, rebar futures shocked lower in the morning session, but the spot market was boosted yesterday, with some offers rising slightly, and rebar futures continued to move higher after lunch. As most of the demand was released centrally yesterday, the high transaction was weak, and the overall transaction was reduced compared with the previous day. Comprehensive expectation of today's national building materials market prices are weak shock running mainly.