china's official PMI for May rose to 50.8.
good news , but I don't think it will hold off the expected fall in IO stocks on Monday due to the drop in Platts 62% price.
I still think the chinese should relax lending and let the economy pick up steam.
http://www.cnbc.com/id/101716683
FT
bounce or plunge at 90c, page-8
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