Eastern China (Shanghai)
: 3,880-3,900 yuan ($580-583) per tonne, widening downward by 10 yuan per tonne
A Shanghai-based trader said he garnered fewer deals on Tuesday compared to Monday amid slight price drops in the spot market.
That was because some buyers started to hold back from restocking, expecting prices to drop after the Chinese government had implemented fewer monetary easing policies of late.
In August, several media outlets reported that China would maintain a “normal” monetary policy, neither tightening nor easing the current monetary policy, after...