Eastern China (Shanghai)
: 3,690-3,710 yuan ($518-521) per tonne, up 40 yuan per tonne
Northern China (Tangshan)
: 3,620-3,630 yuan per tonne, up 20 yuan per tonne
Spot prices gained amid surging futures, which responded to the People’s Bank of China’s announcement last Friday that it would cut the reserve requirement ratio (RRR) - the amount of cash that banks must hold as reserves - by...