Eastern China (Shanghai)
: 3,640-3,650 yuan ($516-518) per tonne, down 70-80 yuan per tonne
Northern China (Tangshan)
: 3,700 yuan per tonne, down 40 yuan per tonne
A Shanghai-based trader said it was hard to secure deals even if he cut prices to 3,640-3,650 yuan per tonne, with buyers now bearish on market momentum and expecting big drops in the futures market.
Qiu Yuecheng, the director of...