EXW prices of nonferrous metals products fell 24.6pc in Jan. from the same period last year, according to National Bureau of Statistics (NBS).
Insiders expressed that this was mainly affected by global economic recession. Under a series of favorable policies and consumption stimulation, EXW prices of nonferrous metals will rebound to some extent over Jan., but will also have large decline year-on-year.
On Feb.10, NBS issued that in Jan., EXW prices of industrial products fell 3.3pc from the previous year, while EXW prices of nonferrous metals dropped 24.6pc.
Product Aluminum Copper lead zinc
Price up (m-o-m%) -19.8 -41.1 -36.7 -43.0
According to SMMI in Shanghai, price index of nonferrous metals was around 1,400 points in Jan., down 49pc year-on-year. For further info visit chinametalbiz.com
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