Eastern China (Shanghai): 3,890-3,900 yuan ($565-566) per tonne, down 30-40 yuan per tonne
Northern China (Tianjin): 3,830-3,840 yuan per tonne, down 10-20 yuan per tonne
Transaction prices fell across the country even though mills kept their offers flat, with downstream buyers putting off their purchasing plans on seeing the drop in the futures market.
Trading activity on Wednesday was thinner than that a day earlier, a Shanghai-based trader said.
The deals that were concluded involved mostly downstream buyers rather than securities traders, because...