Eastern China (Shanghai)
: 3,730-3,740 yuan ($530-531) per tonne, up 10 yuan per tonne
Northern China (Tangshan)
: 3,730 yuan per tonne, up 10 yuan per tonne
Prices in Shanghai rose as high as 3,740 yuan per tonne in the morning amid gains in the futures market that came amid improved sentiment following an announcement by China’s central bank last Saturday that it would implement reforms for a key interest rate to help lower borrowing costs for companies.