China's price of material for production fell further last week (July 23-29)
The price of material for production in China dropped consecutively for fifthteen weeks.
Of major material for production, the prices of rubber, energy resources, nonferrous mental, mineral, steel and building materials were down, and material for agricultural production and chemical products remained unchanged, while that of raw material for light industry rose slightly.
The price of rubber was down by 4.4%, impacted by decreasing price of international rubber price and weak demand in tire industry, of which butadiene rubber, domestic standard rubber#1 and nitrile rubber down by 6.2%, 4.7% and 4.4% compared with that of the previous week.
The price of energy resources fell by 1.9%, of which raw coal was down by 1.9%; lignite, bituminous coal, anthracite was down by 6.9%, 4.2% and 3.6%; coke remained unchanged; crude oil was up by 0.9%.
The price of nonferrous metal was down by 1.9%, of which copper #1, nickel # 1, and tin # 1 was down by 2.8%, 2.6% and 2% respectively; zinc #1, aluminum A00 and lead #1 was down by1.7%, 1.4% and 1.2% respectively. The price of minerals fell by 1.3%, of which tungsten ore, iron ore and copper ore was down by 3%, 1.9% and 1.8% respectively, while that of zinc ore and tin ore dropped 1.8% and 0.6%.
The price of steel fell 1.3% owing to higher temperature and weak demand in steel industry. The price of rebar ofΦ12mm and high-speed wire rod of Φ6.5mm was down by 1.8% and 1.5% respectively.
The price of building materials dropped 1%, of which wood and cement fell 2.2% and 0.3% respectively.