Eastern China (Shanghai): 3,490-3,510 yuan ($493-495) per tonne, widened downward by 10 yuan per tonne
Northern China (Tangshan): 3,490 yuan per tonne, down 10 yuan per tonne
A trader in Shanghai said that prices had weakened despite stable demand as a result of falling futures.
He explained that short-selling traders were pushing prices down in the futures market. These traders could have capitalized on pessimism generated by a...