China's Spot Market Dynamics: Today, the average price of 20mm level three earthquake-resistant rebar in 31 major cities across the country is $521.24 /ton, down $1.91/ton from the previous trading day; Shanghai's rebar dollar pricing index closed at 512.78, down 0.23%. Specifically, in the morning, rebar futures fluctuated and ran weakly, and the market spot quotation fell slightly. Downstream terminals purchased on demand, the market activity was not high, and the transactions were average. In the afternoon, driven by better fundamental data and export data, the futures market turned red, the market sentiment has stabilized; from the perspective of transactions, the recovery of market demand is slow, and transactions have declined slightly compared with yesterday. Comprehensively, it is expected that the price of the national building materials market will fluctuate within a narrow range today.