The Shanghai Composite Index is trading is up may 20 2011

The Shanghai Composite Index is trading is up may 20 2011 : CHINA STOCKS: The Shanghai Composite Index is trading up 0.05% at 2,860.88 mid-way through the morning session. The State Council's release yesterday of rules on the sustainable development of the rare earths industry, which aims to unify rare earths prices, is buoying the non-ferrous metal sector, even as falling gold prices drag down bullion miners.

Inner Mongolia Baotou Steel Rare-Earth (600111) is up 3.87% at CNY63.57, while Shandong Gold (600547) is down 0.66% at CNY44.98. Surging coal prices are weighing on power producers, while miners of the fuel are providing some support. Datang International Power Generation (601991) is down 4.38% at CNY6.76. For the latest updates PRESS CTR + D or visit Stock Market news Today

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