Saturday, 15 Jan 2011
The Chinese domestic steel prices continue to exhibit firmness as they have been on increasing trend since November beginning. The prices have crossed the last high on April 15th 2010 when CLPPI was 7285, CFPPI was at 7463 and CHISPI was at 7386.These levels were last seen in October 2008 beginning, when the prices crashed from peak in July 2008 beginning to almost half by December 2008 beginning.The Chinese Long Product Price Index CLPPI has gone up by 515 points or 7.5% whereas the Chinese Flat Products Index CFPPI went up by 546 points or 7.9%. The overall price index CHISPI has surged by 533 points or 7.7 during last 75 days.
Source:steelguru
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