Eastern China (Shanghai)
: 4,000-4,020 yuan ($597-600) per tonne, up 30-40 yuan per tonne
Northern China (Tianjin)
: 3,930-3,950 yuan per tonne, up 10-20 yuan per tonne
Prices in Shanghai rose significantly during the day, with most transactions taking place around 4,010-4,020 yuan per tonne.
A Hangzhou-based trader said supply in Shanghai was “a bit short” due to the strengthening of demand.
Qiu Yuecheng, the director of metal research at Everbright Futures, attributed...