Eastern China (Shanghai): 3,830-3,880 yuan ($568-575) per tonne, up 120-130 yuan per tonne
Northern China (Beijing): 3,800-3,830 yuan per tonne, up 90-100 yuan per tonne
Billet prices rose after futures opened higher, leading to bullish sentiment in the spot market.
Trading was not very active, however, because many end users have yet to return from the Lunar New Year holiday, market participants said.
Moreover, buyers were...