Eastern China (Shanghai): 3,760-3,770 yuan ($554-555) per tonne, up 40 yuan per tonne
Northern China (Tianjin): 3,690-3,710 yuan per tonne, up 40 yuan per tonne
There were few participants active in the spot market, with absent end-users and slowing operational rates before the Lunar New Year holiday.
The week-holiday will start on February 4. Many producers will continue working during the holiday, but most end-users have already bought enough raw materials for holiday production, while mills secured enough orders to maintain output over the period.
The main active participants for the time...