BEIJING, June 4 (Xinhua) -- Most capital goods monitored by the government reported lower prices in late May compared with mid-May, official data showed on Friday.

Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 30 registered declined prices during the period, 16 posted increased prices and four saw their prices remain unchanged, according to the National Bureau of Statistics.

Ferrous metal and chemical products led the downward trend, and the majority of farm produce also saw lower prices during the period.

Construction steel rebar prices fell 13.6 percent, and those of seamless steel tubes and hogs respectively dropped 5.7 percent and 3.8 percent.

The readings, released every 10 days, are based on a survey of nearly 2,000 wholesalers and distributors in 31 provincial-level regions. Enditem

Related

Go to Forum >>0 Comment(s)