Eastern China (Shanghai):
3,900-3,910 yuan ($557-559) per tonne, narrowing upward by 10 yuan per tonne
Northern China (Tangshan):
3,640 yuan per tonne, unchanged
Trading activity was reported as stable during the day amid sustained downstream demand. Some speculators also contributed to the day’s sales, a Shanghai-based trader said.
These speculators - largely traders working for securities companies - are capitalizing on the price gap between the northern and eastern regions by buying from the former...