Eastern China (Shanghai): 3,850-3,860 yuan ($573-575) per tonne, narrowing downward 10 yuan per tonne
Northern China (Tianjin): 3,790-3,800 yuan per tonne, down 10 yuan per tonne
Trading activity was moderate during the day, with demand being described as “still weak,” a Shanghai-based trader said.
The day’s slight drop in prices was due to expectations among market participants that supply would rise soon.
Supply and demand...