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Is there a relationship between the western price of rebar and the futures price of rebar? Is it relevant?
Related, rebar futures will eventually be delivered, that is to say, rebar futures prices are linked to spot prices, and rebar futures prices play a guiding role in spot prices.

I don't know which city you mean by western price. There is a certain price difference between different regions, which is caused by logistics and resources, and the price of rebar futures represents the real pound price of tertiary rebar in a future month.

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