Against the backdrop of consumption in the Chinese economy, reinforcement prices have reached the largest level over the past seven months. This is written by Bloomberg.
Futures contracts for May increased in price by another 0.4% - to 4144 yuan per ton (665 - 670 dollars). The Shanghai Exchange has the greatest activity of buyers from June 20 last year. The reinforcement positions today closed at 11-30 in the morning of local time at the mark of 4134 yuan/ton, continuing their weekly growth by 1.4%.
The growth of the purchasing index on the reinforcement counted by the China Statistics Bureau amounted to 50.4 points in January 2013. According to Bloomberg experts, the growth of the index amounted to 51 points.
"These data are positive for this group of metal rolling, however, it should be borne in mind that prices are growing mainly against the background of expectations of the restoration of the Chinese economy," says Huang Huiwen, Analyst Shanghai Cifco Futures Co.
Chinese reinforcement prices reached a seven -month maximum
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Azovpromstal® 1 February 2013 г. 00:01 |
