Shanghai Rebar Drops nearly 3 Pct; China PMI Eyed-Shanghai Metals Market

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Shanghai Rebar Drops nearly 3 Pct; China PMI Eyed

Industry News 11:25:53AM Sep 20, 2012 Source:SMM

SHANGHAI, Sept 20 (Reuters) - Shanghai rebar futures dropped nearly 3 percent to a session low of 3,528 yuan a tonne ahead of the HSBC China flash Producer Manufacturing Index (PMI).


Investors are concerned over China's steel market outlook as fundamentals remain weak.
 

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#1 Refined Cu
Sep.17
47505.0
-285.0
(-0.60%)
Standard-Grade Copper
Sep.17
47495.0
-285.0
(-0.60%)
High-Grade Copper
Sep.17
47520.0
-285.0
(-0.60%)
Guixi copper
Sep.17
47525.0
-285.0
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Low-quality copper
Sep.17
47455.0
-265.0
(-0.56%)

Shanghai Rebar Drops nearly 3 Pct; China PMI Eyed

Industry News 11:25:53AM Sep 20, 2012 Source:SMM

SHANGHAI, Sept 20 (Reuters) - Shanghai rebar futures dropped nearly 3 percent to a session low of 3,528 yuan a tonne ahead of the HSBC China flash Producer Manufacturing Index (PMI).


Investors are concerned over China's steel market outlook as fundamentals remain weak.