China's domestic prices were unchanged on Thursday November 12 amid softer demand and lower market inventories.
Domestic
Eastern China (Shanghai): 4,060-4,090 yuan ($613-617) per tonne, unchanged
Some in the market cut their procurement rates on the expectation that spot prices would mirror down-trending futures.
But sellers did not lower their offers since they had managed to sell a lot of cargoes in the past three days, which lowered their inventories.
A trader in...