The NBS released that ex-work prices at industrial manufacturers were up 0.7% YoY in January. Affected by falling international commodity prices, ex-work prices fell 1% as expected, while purchasing prices rose by 2.0% YoY.
Prices of nonferrous metals fell 2.5% YoY, and prices of ferrous metals dropped by 1.1% YoY.
SMM finds on the website of the NBS that the growth of nonferrous metal purchasing prices began to fall since last August, plunging to 50% or even 7% last October, down from 14.7%. The growth continued to dip to 0.6% in last December.
Purchasing prices of nonferrous metal materials fell 2.5% YoY in January. Affected by speculations over global economic recession, commodity prices weakened, and nonferrous metal prices are at low levels.