Business Forecast: Last week (June 16th to 22nd), the overall level of market price of key production monitored by production materials rose by 0.5% from the previous week. Of the 112 major commodities, prices rose by 37 kinds in the week-on-week, accounting for 33.0%; 57 were unchanged, accounting for 50.9%; and 18 fell, accounting for 16.1%. From the perspective of major categories, the prices of mineral products, energy products, non-ferrous metals, agricultural products, rubber products, building materials products, and light industrial raw materials have risen. The price of chemical products has remained flat, and the price of ferrous metals has fallen. In terms of specific varieties, tungsten ore, thermal coal, and 1# copper prices were among the top gainers, rising by 2.3%, 2.2%, and 2.2% respectively from the previous week; and the prices of 20# fuel oil, 5#, etc., angle iron, and antimony ore decreased. Before, they fell by 2.2%, 1.8% and 1.7% respectively from the previous week. Among them, the prices of coal, oil, and natural gas rose by 1.0%, 0.7%, and 0.5% respectively from the previous week. Domestic coal prices rose 1.0% from the previous week. Experts predict that coal prices will continue to rise slightly this week due to factors such as slower growth of coal production, strong demand, increased production and operating costs of coal companies and rising international coal prices. Last week, non-ferrous metal prices rose 0.6% over the previous week Among the non-ferrous metals under monitoring, the prices of 1# copper, A00 aluminum, and 1# tin increased by 2.2%, 0.7%, and 0.7% respectively from the previous week; the prices of nickel, zinc, and lead at 1# respectively fell from the previous week. 1.0%, 0.9%, and 0.9%. The domestic 1# copper price rose by 2.2% from the previous week. Due to the strike of the Peruvian copper miners and the weakening of the U.S. dollar, international copper prices have risen. Affected by this, domestic futures and spot markets have shown slight rises. However, taking into account the impact of domestic macroeconomic policy environment and the weakening of copper demand, copper prices are still expected to face downward pressure in the latter half of the year. A00 aluminum ingot prices rose by 0.7% from the previous week. Due to the limited use of electricity by enterprises in the summer, the purchasing needs of downstream processing companies have declined. However, since July, the prices of industrial electricity in the country have generally been raised, and the cost of smelting of aluminum ingots has increased, supporting aluminum prices. It is expected that the domestic aluminum price will maintain its weak oscillation pattern in the later period. Among them, the prices of agricultural diesel and chemical fertilizers rose by 1.3% and 0.3% respectively from the previous week, and the prices of seeds, pesticides, and agricultural plastic film all remained unchanged from the previous week. The domestic market price of urea (including N ≥ 46%) rose by 0.5% from the previous week. Driven by the increase in urea prices in the Northeast and North China, the overall domestic urea market has risen. At present, the supply of urea in some local regions is tight, and it is expected that the price of urea will continue to be high in the near future. Rubber prices rose slightly by 0.2% from the previous week last week Supported by the demand side, prices of synthetic rubber and natural rubber rose by 0.2% from the previous week. It is expected that the domestic rubber rally has not yet ended, and there is still room for price increase in the short term. Among them, the price of construction timber increased by 1.5% from the previous week, the price of construction steel fell by 0.6% from the previous week, and the prices of cement and glass all remained unchanged from the previous week. Last week, the price of chemical products was basically the same as the previous week Last week, the overall stable operation of the chemical market, the market price volatility is small. Among the monitored varieties, the prices of synthetic ammonia and phthalic anhydride fell by 0.2% and 0.1% respectively over the previous week. Last week, the price of steel products fell 0.4% from the previous week Last week, the overall performance of the domestic steel market was poor, the turnover was low, and the price of many varieties fell. Among them, the prices of construction steel such as 5# equilateral angle steel, Φ6.5mm high-speed wire, Φ12mm rebar, etc. fell significantly, which were respectively 1.8%, 1.1% and 0.4% lower than the previous week. At present, the demand for steel products is in the off-season and domestic steel prices are expected to have some room for fall. However, with high-cost support, there is limited room for downturn in the latter period. AISI316 Stainless Steel Wire Rope 1x7 5Mm Stainless Steel Wire Rope,T316 Stainless Steel Cable,Stainless Cable Wire,Very Strong Wire Rope Jiangsu Yasheng Metal Products Co.,Ltd , https://www.yswirerope.com
Energy product prices rose 0.9% from the previous week last week
Last week, the price of agricultural materials rose 0.5% from the previous week
Last week, building materials prices rose 0.2% from the previous week
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