Generally, the spot price is higher, because it also includes Shanghai freight (currently about US$ 88 in Brazil and US$ 32 in Australia) and port miscellaneous fees at the destination port, generally around 28-35 yuan. There is also the import customs value-added tax 13% to be paid at customs clearance.

At present, steel mills are not actively purchasing, and the port inventory is extremely high, which does not rule out the phenomenon that the market is upside down after the futures come over.