Eastern China (Shanghai): 4,020-4,040 yuan ($581-584) per tonne, widening downward 10 yuan per tonne
Northern China (Tianjin): 4,000-4,010 yuan per tonne, down 30 yuan per tonne
Sellers had to lower prices after buyers were reluctant to restock. While trading prices came within reach of 4,040 yuan per tonne in the morning, mills rushed to lower prices in the afternoon because few deals were concluded.
Market sentiment was dampened after...