BEIJING, April 22 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, pointed out that as copper and other metal raw material prices continue to rise, locks, tools and other hardware product price indexes are rising significantly.
Last week, the commodity index price rose 0.43 points, although the overall status is stable. The electronics category, daily necessities, hardware and electrical materials, plus seven other categories rose sharply. The biggest raise was 1.59 points. Bags, jewelry, care and beauty products, etc. appear down by different degrees. The largest decline is 0.32 points. Cultural and office goods were flat compared with the previous week. Among them, the electrical and electronic classes rebounded, up 1.59 points to 98.76 points. The bag category could not continue last week's rising momentum, creating the largest single-week decline. The jewelry category was also down 0.19 points to 99.89 points.
Packing, shoes, and educational toy prices rose highly, respectively up 4.5 points, 3.1 points and 2.4 points. Inflatable toys, rain shoes, and leisure tool cars dropped out of the top three, respectively falling 3.7 points, 2.5 points and 2.3 points.
Last week, the hardware and electrical materials price index rose slightly, 0.73 points to 100.92 points. In just three weeks, this price index has risen 8.2 points, a range that significantly exceeds other types of commodities.
Frbiz analyzes that it is mainly the price of raw materials that has risen. In only a week, the price of copper rose 1,350 RMB/ton. Iron prices have remained relatively stable recently, but copper is now priced at 61,700 RMB/ton. In the market, some farmers took the opportunity to increase the product prices.
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