Eastern China (Shanghai):
3,660-3,680 yuan ($521-524) per tonne, narrowing downward by 20 yuan per tonne
Northern China (Tangshan):
3,650-3,670 yuan per tonne, widening downward by 20 yuan per tonne
Buying slowed across the country, which exerted downward pressure on prices.
A Shanghai-based trader attributed this to buyers taking a breather to take stock of the market rather than rushing headlong into the market to restock after consecutive days of increases sent prices to a two-month high.
Despite the withdrawal, he expects prices...