Eastern China (Shanghai)
: 3,790-3,810 yuan ($564-567) per tonne, down 40 yuan per tonne
Northern China (Tianjin)
: 3,750-3,770 yuan per tonne, down 10 yuan per tonne
Trading activity was lower than that on Thursday with both sellers and buyers taking wait-and-see approach after the official announcement of the VAT being lowered from 16% to 13% for manufacturers, and from 10% to 9% for...