Eastern China (Shanghai): 3,520-3,540 yuan ($497-500) per tonne, down 10 yuan per tonne
Northern China (Tangshan): 3,520 yuan per tonne, down 10 yuan per tonne
The spot market weakened during the day amid declining futures, which made buyers resist high prices.
This was despite trading activity being described as “moderate” by a trader in Shanghai, who said downstream demand was stable.
Market participants said the decline...