Nonferrous Metal Purchasing Price Growth Falls 6th Straight Month, Down 2.5% in January-Shanghai Metals Market

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Nonferrous Metal Purchasing Price Growth Falls 6th Straight Month, Down 2.5% in January

Data Analysis 05:38:32PM Feb 23, 2012 Source:SMM

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.
 

Price

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#1 Tin Ingot
Jun.14
144250.0
-500.0
(-0.35%)
Solder Bar(63A)
Jun.14
103500.0
-500.0
(-0.48%)
Solder Bar(60A)
Jun.14
99500.0
-500.0
(-0.50%)
LF Solder
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151000.0
-500.0
(-0.33%)
Tin Powder
Jun.14
142.5
0.0
(0.00%)

Nonferrous Metal Purchasing Price Growth Falls 6th Straight Month, Down 2.5% in January

Data Analysis 05:38:32PM Feb 23, 2012 Source:SMM

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.