Eastern China (Shanghai):
3,460-3,480 yuan ($495-498) per tonne, unchanged
Northern China (Tangshan):
3,230 yuan per tonne, unchanged
A Shanghai-based trader said he had to stop buying from mills recently due to cash flow issues.
This is because most of his customers had only paid a deposit when they placed orders before the Lunar New Year based on the arrangement that they settle the entire bill upon delivery.
But delivery has been challenging in recent weeks as a result of transportation restrictions throughout the country put in place to stem the spread of the novel...