According to monitoring last week (March 11-17) by MOFCOM in 36 medium and large sized cities, price of agro-foodstuff fell consecutively the fourth week and price of material for production continued to drop.

Last week, prices of most meats dropped in the first place. Wholesale price of pork dropped 2.1% as compared with that of previous week, with an accumulated decrease of 8% in the last four weeks. The prices of pork in Fuzhou, Qingdao and Taiyuan fell 7.5%, 5% and 4.6% respectively; while wholesale price of beef increased by 0.1%, and wholesale prices of lamb and chicken remained unchanged as compared with that of previous week. As the weather got warmer and amount of fishing increased, the average wholesale prices of 8 kinds of aquatic products saw a decrease of 0.9% as compared with that of the previous week, of which largehead hairtail, smallhead hairtail and silver carp dropped by the largest margin of 2.3%, 2.3% and 1.2% respectively. Retail price of eggs was down by 0.6% as compared with that of previous week and kept falling consecutively for four weeks with an accumulative decrease of 2.1%. Retail prices of eggs in Nanjing, Hangzhou and Qingdao dropped 4.3%, 3.1% and 2.9% respectively. Retail prices of oil remained basically stable with a slight decrease, of which soybean oil and rapeseed oil both dropped by 0.1% as compared with that of previous week, and peanut oil were unchanged. The retailing price of grain was almost unchanged with only a slight increase, of which small package of wheat flour rose 0.2% over the previous week, and small package of rice was unchanged compared with that of previous week. The average wholesale prices of 18 vegetables increased with a small margin after three weeks’ drop, up by 0.2% compared with that of previous week. The price of fruit vegetables increased by the largest margin, of which green peppers, cucumbers and peppers rose 13.6%, 6.3% and 5.1% respectively. Supple of leaf vegetables was on the increase and prices dropped, of which lettuces, celeries and cabbages dropped by 13.2%, 9.9% and 7.2% respectively.

Of major material for production, the prices of rubber, mineral products, chemical products, energy resources, steel, non-ferrous metal, materials for agricultural production and building materials dropped, and that of materials for light industry remained unchanged. Prices of rubber dropped 5.3%. As the price of natural rubber in Southeast Asia dropped and the price of chemical raw materials decreased, the price of rubber declined by 7.9% in the last five weeks. Prices of mineral products dropped 0.9%, of which zinc ore, iron ore and copper ore were down by 1.5%, 0.9% and 0.2%, and tungsten ore rose by 0.4%. Price of chemical products dropped 0.6%, of which sulfuric acid, phenol and styrene were dropped 1.3%, 1% and 1% respectively, and phthalic anhydride, pure benzene and caustic soda dropped by 0.7%, 0.5% and 0.3% respectively. The price of energy resources dropped 0.6%, of which coke, crude oil and raw coal dropped by 1.6%, 1.4% and 0.3% respectively. The production of steel kept increasing and the market supply was sufficient, which brought down the price of steel. Prices of deformed steel bar of Φ12mm and high-speed wire of Φ6.5mm both dropped by 0.5%. Price of non-ferrous metal dropped 0.2%, of which zinc #1, tin #1 and lead #1 dropped by 3.4%, 0.8% and 0.3%, and nickel #1, copper #1 and aluminum A00 were up by 0.9%, 0.6% and 0.5% respectively.

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