Eastern China (Shanghai):
3,430-3,460 yuan ($483-488) per tonne, down 40 yuan per tonne
Northern China (Beijing):
3,350-3,370 yuan per tonne, down 30 yuan per tonne
The People's Bank of China cut the seven-day reverse repo rate by 20 basis points from 2.4% to 2.2% while injecting 50 billion yuan into money market...