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China worries linger over industrial commodities

Posted on 29 May 2013

The start of the week was generally “risk-on”, so industrial commodities fared quite well. But concerns about waning demand out of China still linger over the sector. A useful sentiment gauge is prices for steel reinforcement bar (rebar) – a product that clearly tracks construction expectations.
On Monday the October rebar futures contract in Shanghai slid to a six-month low of Rmb3,491 ($570) a metric ton, according to Bloomberg data……………………………………Full Article: Source


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VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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