This week, spot premiums and discounts in Shandong province stopped falling and rebounded. After contract rollover, smelters' sentiment about selling goods eased, and they followed the price increase in Shanghai to raise spot premiums. However, affected by the off-season demand, downstream processing enterprises continued to adopt a just-in-time procurement strategy, and the improvement in market activity was limited. This week, Shandong province still maintained a pattern of weak supply and demand.