In fact, I have seen a similar statement, which means that there will be a certain distance between prices because of the different pricing of futures and spot. But the pure price gap will not be that big. And the current spot price should not be around 3 100. The price above the futures is the price of standard commodities, while there are first-class products, second-class products and so on in the spot.

At present, HRB335 rebar mainly circulates in the spot market, and the spot price we usually refer to is also the spot price of HRB335 rebar. The delivery standard of rebar in Shanghai Futures Exchange is HRB400 model, but HRB335 model is used as a substitute, and the premium between them is 130 yuan/ton. Second, the cost of the delivery position. If the rebar is delivered in kind, it needs a certain cost, including storage fee, delivery fee, storage fee, capital interest and transfer fee, totaling nearly 1 10 yuan/ton. Therefore, it is normal for the rebar price difference to be two or three hundred yuan.