Eastern China (Shanghai):
3,500-3,510 yuan ($495-496) per tonne, unchanged
Northern China (Tangshan):
3,480 yuan per tonne, unchanged
Trading was moderate during the day maid steady demand, which kept spot prices unchanged.
Some market participants think prices could rebound in the short term if demand stays stable, though sentiment has not improved enough to trigger such a recovery.
Even if prices do rebound, they are not expecting the recovery to be large, with new production lines scheduled to go on...